California Jockey Club declares dividend.SAN MATEO, Calif.--(BUSINESS WIRE)--Dec. 8, 1995--The Board of Directors of California Jockey Club (AMEX AMEX See: American Stock Exchange : CJ) has declared a cash dividend of 40 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. payable on or before Dec. 31, 1995, to shareholders of record as of Dec. 19, 1995. A cash dividend of 25 cents per share was paid in June 1995, making a total payment of 65 cents per share in 1995. "This is an increase of $.05 per share on last year's total dividend payment of $.60 and indicates the continuing success of the Bay Meadows Operating Company operating company A business that engages in transactions with outsiders. . We expect that the Bay Meadows Operating Company will be faced with increasing competition for the gaming and entertainment dollar in 1996, but believe it will be able to adapt to the changes in the marketplace," said Kjell Qvale, chairman of the board of California Jockey Club. California Jockey Club is an equity real estate investment trust whose principal asset is Bay Meadows Racetrack Bay Meadows is a horse racing track in San Mateo, California, in the San Francisco Bay Area in the United States. History Bay Meadows Racecourse is the longest continually operating thoroughbred racetrack in California, having been founded in 1934. , located on the San Francisco Peninsula The San Francisco Peninsula in California separates the San Francisco Bay from the Pacific Ocean. On its northern tip is the city of San Francisco. On its southern end is part of Santa Clara County, including the cities of Palo Alto, Los Altos, and Mountain View. . Its shares are traded on a paired basis with Bay Meadows Operating Company, which operates Bay Meadows Racetrack. The shares of the two Companies trade on the AMEX under the name Bay Meadows. CONTACT: Bay Meadows Operating Company/California Jockey Club Kjell Qvale, 415/776-7700 |
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