Ryman Hospitality Properties, Inc. Declares Second Quarter Dividend
June 09 2017 - 4:05PM
Ryman Hospitality Properties, Inc. (NYSE:RHP) today announced that
its Board of Directors declared a cash dividend of $0.80 per share
of common stock payable on July 14, 2017 to stockholders of record
on June 19, 2017.
About Ryman Hospitality Properties,
Inc.Ryman Hospitality Properties, Inc. (NYSE:RHP) is a
REIT for federal income tax purposes, specializing in
group-oriented, destination hotel assets in urban and resort
markets. The Company’s owned assets include a network of four
upscale, meetings-focused resorts totaling 7,811 rooms that are
managed by lodging operator Marriott International, Inc. under the
Gaylord Hotels brand. Other owned assets managed by Marriott
International, Inc. include Gaylord Springs Golf Links, the
Wildhorse Saloon, the General Jackson Showboat, The Inn at
Opryland, a 303-room overflow hotel adjacent to Gaylord Opryland
and AC Hotel Washington, DC at National Harbor, a 192-room hotel
near Gaylord National. The Company also owns and operates media and
entertainment assets, including the Grand Ole Opry (opry.com), the
legendary weekly showcase of country music’s finest performers for
over 90 years; the Ryman Auditorium, the storied former home of the
Grand Ole Opry located in downtown Nashville; and 650 AM WSM, the
Opry’s radio home. For additional information about Ryman
Hospitality Properties, visit www.rymanhp.com.
Cautionary Note Regarding
Forward-Looking StatementsThis press release contains
statements as to the Company’s beliefs and expectations of the
outcome of future events that are forward-looking statements as
defined in the Private Securities Litigation Reform Act of 1995.
You can identify these statements by the fact that they do not
relate strictly to historical or current facts. Examples of these
statements include, but are not limited to, statements regarding
the future payment of dividends. These forward-looking statements
are subject to risks and uncertainties that could cause actual
results to differ materially from the statements made. These
include the risks and uncertainties associated with economic
conditions affecting the hospitality business generally, the
geographic concentration of the Company’s hotel properties,
business levels at the Company’s hotels, the effect of the
Company’s election to be taxed as a REIT for federal income tax
purposes commencing with the year ended December 31, 2013, the
Company’s ability to remain qualified as a REIT, the Company’s
ability to execute its strategic goals as a REIT, the Company’s
ability to generate cash flows to support dividends, and the
Company’s ability to borrow funds pursuant to its credit agreement.
Other factors that could cause operating and financial results to
differ are described in the filings made from time to time by the
Company with the U.S. Securities and Exchange
Commission (SEC) and include the risk factors and other risks
and uncertainties described in the Company’s Annual Report on Form
10-K for the fiscal year ended December 31, 2016 and its
Quarterly Reports on Form 10-Q and subsequent filings. The Company
does not undertake any obligation to release publicly any revisions
to forward-looking statements made by it to reflect events or
circumstances occurring after the date hereof or the occurrence of
unanticipated events.
Investor Relations Contacts: |
Media Contacts: |
Mark Fioravanti, President and Chief Financial Officer |
Brian Abrahamson, Vice President of Corporate Communications |
Ryman Hospitality Properties, Inc. |
Ryman Hospitality Properties, Inc. |
615-316-6588 |
(615) 316-6302 |
mfioravanti@rymanhp.com |
babrahamson@rymanhp.com |
~or~ |
~or~ |
Todd Siefert, Vice President of Corporate Finance &
Treasurer |
Robert Winters or Sam Gibbons |
Ryman Hospitality Properties, Inc. |
Alpha IR Group |
615-316-6344 |
(929) 266-6315 or (312) 445-2874 |
tsiefert@rymanhp.com |
robert.winters@alpha-ir.com; sam.gibbons@alpha-ir.com |
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