Ryman Hospitality Properties, Inc. (NYSE:RHP) declared a quarterly dividend on Monday, December 11th, Wall Street Journal reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.80 per share by the real estate investment trust on Tuesday, January 16th. This represents a $3.20 annualized dividend and a yield of 4.69%. The ex-dividend date is Thursday, December 28th.

Ryman Hospitality Properties has increased its dividend payment by an average of 25.3% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Ryman Hospitality Properties has a payout ratio of 58.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ryman Hospitality Properties to earn $5.92 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 54.1%.

Ryman Hospitality Properties (RHP) traded down $0.22 during trading on Monday, reaching $68.25. 126,200 shares of the company’s stock traded hands, compared to its average volume of 240,995. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market capitalization of $3,494.14, a price-to-earnings ratio of 12.78, a price-to-earnings-growth ratio of 2.56 and a beta of 1.16. Ryman Hospitality Properties has a 12-month low of $57.78 and a 12-month high of $70.77.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.38. Ryman Hospitality Properties had a net margin of 13.10% and a return on equity of 43.45%. The firm had revenue of $264.70 million for the quarter, compared to analysts’ expectations of $268.97 million. During the same period in the previous year, the company posted $1.28 EPS. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. analysts predict that Ryman Hospitality Properties will post 5.47 EPS for the current fiscal year.

In other Ryman Hospitality Properties news, CEO Colin V. Reed sold 19,280 shares of Ryman Hospitality Properties stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $63.30, for a total transaction of $1,220,424.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.40% of the company’s stock.

RHP has been the topic of several research analyst reports. BidaskClub upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. SunTrust Banks reiterated a “hold” rating and set a $60.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, November 10th. Finally, Zacks Investment Research cut shares of Ryman Hospitality Properties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $65.75.

COPYRIGHT VIOLATION WARNING: “Ryman Hospitality Properties, Inc. (RHP) to Issue Quarterly Dividend of $0.80” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & international copyright and trademark laws. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/12/11/ryman-hospitality-properties-inc-rhp-to-issue-quarterly-dividend-of-0-80.html.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince George’s County, Maryland.

Dividend History for Ryman Hospitality Properties (NYSE:RHP)

Receive News & Ratings for Ryman Hospitality Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryman Hospitality Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.