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

Key Points

• Ryman Hospitality Properties declared a quarterly dividend of $1.20 per share, payable October 15 to shareholders of record on September 30. The dividend implies an annualized payout of $4.80 and a 4.0% yield.
• The current dividend payout ratio is high at 101.1%, meaning earnings do not presently fully cover the distribution. However, analysts expect next year’s earnings to support the dividend at an estimated 46.7% payout ratio.
• Ryman’s latest quarterly results exceeded expectations, with EPS of $1.42 versus the $1.31 consensus and revenue of $748.98 million, up 13.6% year over year.

Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) announced a quarterly dividend on Tuesday, September 15th. Investors 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) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Wednesday, September 30th.

Ryman Hospitality Properties has raised its dividend by an average of 0.4%annually over the last three years and has increased its dividend every year for the last 2 years. Ryman Hospitality Properties has a 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. Equities 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 Trading Down 1.3%

RHP 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 company has a debt-to-equity ratio of 5.02, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market capitalization of $7.61 billion, a PE ratio of 29.49, a P/E/G ratio of 1.87 and a beta of 1.18. The firm's fifty day moving average price is $126.73 and its 200 day moving average price is $114.29.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its earnings results on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.11. The company had revenue of $748.98 million during the quarter, compared to the consensus estimate of $734.59 million. Ryman Hospitality Properties had a net margin of 9.91% and a return on equity of 34.54%. The company's revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.35 EPS. As a group, research analysts expect that Ryman Hospitality Properties will post 9.21 EPS for the current fiscal 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.

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