Ryman Hospitality Properties Announces Q3 Dividend Details
Ryman Hospitality Properties Delivers Exciting News
Ryman Hospitality Properties, Inc. (NYSE: RHP) has recently shared some significant updates for its shareholders. The Company’s Board of Directors has declared a cash dividend of $1.10 per share for the third quarter of 2024. This dividend will be distributed on a scheduled date to stockholders who hold their shares up until the cut-off date.
Understanding the Revised FFO Calculation
Additionally, Ryman Hospitality is updating its methodology for calculating Funds from Operations (FFO) per diluted share. This revision is critical as it aims to provide a more accurate financial picture for investors. The new methodology shows a slight increase in FFO figures for the previously reported periods, which could reassure investors about the Company’s financial health.
Implications of the Methodology Change
The adjustments to the FFO calculations are due to the inclusion of certain common stock related to investor put rights within the calculations. While the denominator in these calculations remains unchanged, the numerator will now offer a more detailed insight by accounting for proportional FFO attributed to noncontrolling interests within joint ventures. This marks a significant step towards maintaining transparency and accuracy in reporting financial metrics.
About Ryman Hospitality Properties, Inc.
This real estate investment trust focuses on the lodging and hospitality sectors, particularly in upscale convention center resorts and immersive entertainment experiences. Ryman’s portfolio is impressive, including venues like Gaylord Opryland Resort & Convention Center and Gaylord Palms Resort & Convention Center. These properties rank among the largest non-gaming convention hotels in the United States.
Operating and Financial Highlights
The Company's strategic management by Marriott International enables Ryman to operate 11,414 rooms along with extensive meeting space, enhancing its appeal to business and leisure travelers alike. The 70% controlling interest in Opry Entertainment Group further enriches its portfolio, adding a diverse range of iconic country music brands and entertainment venues to Ryman’s offerings.
Commitment to Investors
Ryman Hospitality Properties is dedicated to keeping its investors informed and engaged. This commitment to open communication ensures that shareholders have the necessary information to make informed decisions. The upcoming financial reports will clarify any outstanding queries regarding FFO adjustments and dividend distributions.
Frequently Asked Questions
What is the declared dividend amount for the third quarter?
The declared dividend amount is $1.10 per share for the third quarter of 2024.
When will the dividend payment be made?
The dividend payment is scheduled for October 15, 2024, for stockholders of record as of September 30, 2024.
What changes were made to the FFO calculation?
The FFO calculation now includes proportional FFO related to noncontrolling interests and reflects an increase for affected periods.
How does this affect full-year 2024 guidance?
The updated methodology is expected to slightly raise the guidance for full-year 2024 adjusted FFO per diluted share.
Who should I contact for investor relations?
For investor inquiries, you can contact Mark Fioravanti, President and CEO at (615) 316-6588 or via email at mfioravanti@rymanhp.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Related Articles
- Iteris, Inc. Merger Investigation: Key Details & Insights
- Isabella Bank's Third Quarter Dividend Declaration Details
- Exploring the Potential of First Trust Value Line Dividend ETF
- XPO Announces August 2024 LTL Performance Metrics
- Hewlett Packard Enterprise's Strong Q3 Earnings Surpass Expectations
- Dye & Durham Announces Impressive Q4 and Fiscal Year Results
- Verizon's Board Approves Dividend Increase Marking 18 Years
- GitLab Forecasts Strong Revenue Growth for Q3 FY25
- Ciena Reports Strong Q3 with Revenue of $942 Million
- Sprott Focus Trust, Inc. (NASDAQ: FUND) Announces Q3 Dividend
- Ensurge Micropower ASA Updates Employee Share Purchase Plan Details
- Osisko Development Corp. Announces Strategic Fundraising Move
- Isabella Bank Corporation Declares Boost in Q3 2024 Dividend
- TDFO Hospitality Appoints Shiah Goldberg as Operations Director
- Mural Oncology Announces Employee Stock Grants Confirming Growth
- Cellectis Announces Voting Rights and Share Capital Update
- Paycor Announces First Investor Day in NYC This November
- Danaher Corporation Announces Continued 2024 Financial Outlook
- Harley-Davidson Announces Third Quarter Dividend Payment for 2024
- ChargePoint Faces Challenges with Q3 Outlook and Revenue Drop
- Frontline plc Announces Leadership Transition on Board
- Universal Health Realty Income Trust Declares Dividend Announcement
- Shengfeng Development Announces Strong Growth for First Half 2024
- Melanated Cares Foundation Announces 2024 Melanated Campout
- Trevi Therapeutics' Phase 2a CANAL Trial Data Presentation Details
Recent Articles
- Scentre Group Reveals Early Tender Offer Results for Notes
- Corcept Therapeutics: Stock Surge and Future Prospects
- Eli Lilly: Analyzing Its Momentum Stock Potential
- Jefferies: A Prominent Player in Momentum Stock Investing
- Chewy Stock Upgraded: Positive Earnings Outlook Ahead
- Kroger CEO Defends Price Hikes Amid Merger Trial Challenges
- Core & Main Reports Growth Focus Despite Mixed Q2 Results
- Consequences of the Chase Bank ATM Glitch Explained
- Stoneridge Inc. Highlights Upcoming Participation in Key Conference
- Sera Prognostics Shines at H.C. Wainwright Investment Conference
- Markel Appoints Jamie Mullarkey as Global Officer for Underwriting
- Compass CEO Robert Reffkin to Address Zelman Housing Summit
- Sonoco Embarks on Strategic Review of Thermoformed Business
- Citi Forecasts 50bps Rate Cut Amid Labor Market Concerns
- FDIC's Sexual Harassment Prevention Measures Criticized Again
- VISIT DENVER's 'Boredom is Fired' Workforce Initiative Launch
- Verizon Explores Acquisition of Frontier Communications
- Insights from Veteran Trader Peter Brandt on Bitcoin Cycle
- Google's Compliance Proposals Under EU Scrutiny for Fairness
- Farm Aid 2024 Announces Line-Up and Broadcast Schedule
- Laura O'Connor Earns HousingWire Vanguard Honor for 2024 Again
- GoodWe Launches Innovative Energy Management Solutions at RE+
- Incode Technologies Appoints John Somorjai to Board
- Cloud Foundry Day Europe: Innovations in Developer Ecosystem
- IFM Announces 2024 Functional Medicine for All Scholarship Winners