Ryman Hospitality Properties, Inc. (RHP) To Go Ex-Dividend on March 31st

Ryman Hospitality Properties, Inc. (NYSE:RHP) announced a quarterly dividend on Monday, February 23rd. Shareholders of record on Tuesday, March 31st will be paid a dividend of 1.20 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, March 31st.

Ryman Hospitality Properties has increased its dividend by an average of 0.4%per year over the last three years and has raised its dividend every year for the last 2 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 $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 Stock Down 2.8%

Shares of RHP opened at $90.47 on Friday. Ryman Hospitality Properties has a 52-week low of $76.27 and a 52-week high of $105.75. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 5.04. The stock has a fifty day simple moving average of $96.54 and a two-hundred day simple moving average of $94.43. The company has a market capitalization of $5.70 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 1.75 and a beta of 1.18.

About Ryman Hospitality Properties

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.