Churchill Downs Incorporated
CHDNConsumer Cyclical · Stock · annual payer
Forward Yield
0.53%
Annual Dividend
$0.44
Payout Ratio
7%
5-Yr Growth
7.1%
Ex-Date
Dec 5, 2025
Frequency
Annual
Summary
As of September 2026, Churchill Downs Incorporated (CHDN) yields 0.53% ($0.44 per share annually), with a blended fair-value estimate of $102.12 — +25% upside, so it screens as undervalued. Dividend safety grade: A (89/100). 15 years of dividend growth.
Is CHDN a good dividend stock?
YesChurchill Downs Incorporated (CHDN) pays a annual dividend yielding 0.53% ($0.44/yr), with 15 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 15 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (7%)
- Strong 7.1% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 0.53%
- Payout Ratio
- 7%
- Annual Dividend
- $0.44
- 5-Yr Avg Growth
- 7.1%
- Ex-Dividend Date
- Dec 5, 2025
- Years of Growth
- 15
- Frequency
- annual
- Beta
- 0.67
- Market Cap
- $5.7B
- P/E Ratio
- 13.9
- 5-Yr Total Return
- -29%
- 52-Week Range
- $79.40 – $118.35
- Dividend Safety
- A · 89/100
- Ever Cut?
- No
Frequently Asked Questions
CHDN Price — Last 12 Months
Daily close
Price Return
1 Year
-17%
3 Years
-25%
5 Years
-29%
52-Week Range
$79.40 – $118.35
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CHDN worth?
Undervaluedlow confidenceOur blended fair-value estimate for Churchill Downs Incorporated is $102.12 per share, versus a market price of $81.91. That implies 25% of upside — a margin of safety of about 20%.
Fair Value
$102.12
Current Price
$81.91
Upside
+25%
Margin of Safety
20%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 17.5% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.6% discount rate (CAPM), 17.5% stage-1 growth, 2.5% terminal growth, $5.89 EPS, $0.44 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CHDN Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Dec 5, 2025 | — | $0.4380 | regular |
| Dec 6, 2024 | — | $0.4090 | regular |
| Nov 30, 2023 | — | $0.3820 | regular |
| Dec 1, 2022 | — | $0.3570 | regular |
| Dec 2, 2021 | — | $0.3335 | regular |
| Dec 3, 2020 | — | $0.3110 | regular |
| Dec 5, 2019 | — | $0.2905 | regular |
| Dec 6, 2018 | — | $0.2717 | regular |
| Nov 30, 2017 | — | $0.2533 | regular |
| Nov 30, 2016 | — | $0.2200 | regular |
| Dec 2, 2015 | — | $0.1917 | regular |
| Dec 3, 2014 | — | $0.1667 | regular |
| Dec 4, 2013 | — | $0.1450 | regular |
| Nov 26, 2012 | — | $0.1200 | regular |
Income Calculator
At $0.44 / yr per share
