Ryman Hospitality Properties, Inc. Declares Fourth Quarter Dividend
December 09 2022 - 8:30AM
Ryman Hospitality Properties (NYSE: RHP) (the “Company”), today
announced that the Company has declared a fourth quarter cash
dividend of $0.25 per common share, to be paid on January 17, 2023,
to stockholders of record as of December 30, 2022.
“I am pleased to announce our fourth quarter
dividend of $0.25 per common share, which has been increased from
our third quarter dividend of $0.10 per common share” said Colin
Reed, Chairman and Chief Executive Officer of Ryman Hospitality
Properties. “We are excited about the long-term trajectory of our
business and the impact it will have on our future dividends. As
our businesses continue their strong recovery and build upon our
achievements this year, which included record levels of quarterly
revenue and profitability, our Board of Directors will continue to
review our dividend policy and the amount of quarterly
dividends.”
About Ryman Hospitality Properties,
Inc.Ryman Hospitality Properties, Inc. (NYSE: RHP) is
a leading lodging and hospitality real estate investment trust that
specializes in upscale convention center resorts and leading
entertainment experiences. RHP’s core holdings, Gaylord
Opryland Resort & Convention Center; Gaylord Palms Resort
& Convention Center; Gaylord Texan Resort & Convention
Center; Gaylord National Resort & Convention Center;
and Gaylord Rockies Resort & Convention Center, are five
of the top ten largest non-gaming convention center hotels
in the United States based on total indoor meeting space.
Our Hospitality segment is comprised of these convention center
resorts operating under the Gaylord Hotels brand, along with two
adjacent ancillary hotels, which are managed by Marriott
International and represent a combined total of 10,412 rooms and
more than 2.8 million square feet of total indoor and outdoor
meeting space in top convention and leisure destinations across the
country. RHP also owns a 70% controlling ownership interest in Opry
Entertainment Group (OEG), which is composed of entities owning a
growing collection of iconic and emerging country music brands,
including the Grand Ole Opry, Ryman Auditorium, WSM 650
AM, Ole Red and Circle, a country lifestyle media network
RHP owns in a joint venture with Gray Television, Nashville-area
attractions managed by Marriott, and Block 21, a mixed-use
entertainment, lodging, office and retail complex, including the W
Austin Hotel and the ACL Live at Moody Theater, located in downtown
Austin, Texas. RHP operates OEG as its Entertainment segment, in a
taxable REIT subsidiary, and its results are consolidated in the
Company’s financial results. Visit RymanHP.com for more
information.
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. These
forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from the
statements made, including, but not limited to, risks associated
with the Company’s ability to pay dividends and the Board of
Director’s ability to alter the dividend policy at any time. Other
factors that could cause actual results to differ from the
Company’s beliefs and expectations as to the outcome of future
events are described in the filings made from time to time by the
Company with the U.S. Securities and Exchange
Commission 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, 2021, and
subsequent filings. Except as required by law, 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 |
Hillary Prim, Vice President of Corporate and Brand
Communications |
Ryman Hospitality Properties, Inc. |
Finn Partners |
(615) 316-6588 |
(615) 610-0293 |
mfioravanti@rymanhp.com |
hillary.prim@finnpartners.com |
~or~ |
~or~ |
Jennifer Hutcheson, Chief Financial Officer |
Robert Winters |
Ryman Hospitality Properties, Inc. |
Alpha IR Group |
(615) 316-6320 |
(929) 266-6315 |
jhutcheson@rymanhp.com |
robert.winters@alpha-ir.com |
~or~ |
|
Todd Siefert, Senior Vice President Corporate Finance &
Treasurer |
|
Ryman Hospitality Properties, Inc. |
|
(615) 316-6344 |
|
tsiefert@rymanhp.com |
|
Ryman Hospitality Proper... (NYSE:RHP)
Historical Stock Chart
From May 2024 to Jun 2024
Ryman Hospitality Proper... (NYSE:RHP)
Historical Stock Chart
From Jun 2023 to Jun 2024