Ryman Hospitality Properties, Inc. Declares Quarterly Dividend of $1.20 (NYSE:RHP)

Ryman Hospitality Properties, Inc. (NYSE:RHP) declared a quarterly dividend on Tuesday, September 15th. Stockholders of record on Wednesday, September 30th will be paid a dividend of 1.20 per share by the real estate investment trust on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, September 30th.

Ryman Hospitality Properties has increased its dividend payment 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 dividend payout ratio of 101.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Ryman Hospitality Properties to earn $10.27 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 46.7%.

Ryman Hospitality Properties Stock Performance

Shares of RHP stock opened at $120.60 on Wednesday. Ryman Hospitality Properties has a 12-month low of $83.82 and a 12-month high of $137.46. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 29.49, a price-to-earnings-growth ratio of 1.87 and a beta of 1.18. The business has a 50 day simple moving average of $126.73 and a 200 day simple moving average of $114.29. The company has a debt-to-equity ratio of 5.02, a current ratio of 1.34 and a quick ratio of 1.34.

Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.11. The firm had revenue of $748.98 million for the quarter, compared to the consensus estimate of $734.59 million. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%.The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.35 EPS. On average, equities research analysts anticipate that Ryman Hospitality Properties will post 9.21 EPS for the current year.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE:RHP) is a real estate investment trust focused on owning and operating high-quality, group-oriented lodging and entertainment properties. The company’s hospitality portfolio is centered on large convention resorts operating under the Gaylord Hotels brand, which serve business groups, conventions, meetings and leisure travelers.

Ryman’s Gaylord properties include resorts in Nashville, Tennessee; Orlando, Florida; the Dallas–Fort Worth area of Texas; National Harbor, Maryland; and the Denver metropolitan area of Colorado.