Ryman Hospitality Properties, Inc. (RHP) to Issue Quarterly Dividend of $1.20 on July 15th

Ryman Hospitality Properties, Inc. (NYSE:RHP) declared a quarterly dividend on Thursday, May 7th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 1.20 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date is Tuesday, June 30th.

Ryman Hospitality Properties has increased its dividend by an average of 0.4%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Ryman Hospitality Properties has a payout ratio of 101.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Ryman Hospitality Properties to earn $9.57 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 50.2%.

Ryman Hospitality Properties Trading Down 0.0%

Shares of RHP opened at $110.42 on Friday. The stock has a fifty day moving average of $97.71 and a two-hundred day moving average of $95.87. The company has a debt-to-equity ratio of 5.15, a quick ratio of 1.46 and a current ratio of 1.35. The company has a market capitalization of $6.97 billion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 2.20 and a beta of 1.22. Ryman Hospitality Properties has a fifty-two week low of $83.82 and a fifty-two week high of $112.50.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.