Ryman Hospitality Properties, Inc. (NYSE:RHP – Get Free Report) announced a quarterly dividend on Monday, February 23rd. Investors of record on Tuesday, March 31st will be given a dividend of 1.20 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Tuesday, March 31st.
Ryman Hospitality Properties has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Ryman Hospitality Properties has a dividend 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. Analysts expect Ryman Hospitality Properties to earn $9.62 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 49.9%.
Ryman Hospitality Properties Trading Down 0.3%
RHP opened at $102.78 on Wednesday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.98. The stock has a market capitalization of $6.48 billion, a PE ratio of 27.34, a PEG ratio of 2.63 and a beta of 1.21. The firm has a 50-day moving average price of $97.01 and a two-hundred day moving average price of $94.84. Ryman Hospitality Properties has a 1-year low of $76.27 and a 1-year high of $105.75.
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.
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