Ryman Hospitality Reinstates Dividend; July ADR Rises 24% From 2019

Ryman Hospitality Properties Inc (NYSE:RHP) has reinstated its quarterly dividend by declaring a dividend of $0.10 per share. The dividend is…
  • Ryman Hospitality Properties Inc (NYSE:RHP) has reinstated its quarterly dividend by declaring a dividend of $0.10 per share.
  • The dividend is to be paid on October 17, 2022, to stockholders of record as of September 30, 2022.
  • The company’s new interim dividend policy is a minimum dividend of 100% of REIT taxable income annually.
  • “In light of our recent strong financial performance and continuing path to recovery, I am pleased to report that our Board of Directors has reinstated the Company’s quarterly dividend,” said CEO Colin Reed.
  • Ryman said its July 2022 occupancy rate was 74.9% versus 79.1% in July 2019.
  • The company’s Average Daily Rate (ADR) of $227.63 for July increased by 23.6% from July 2019.
  • Price Action: RHP shares are trading lower by 0.87% at $79.71 on the last check Tuesday.
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