Ryman Hospitality Properties, Inc. Declares Second Quarter Dividend
May 10 2024 - 8:00AM
Ryman Hospitality Properties (NYSE: RHP) (the “Company”), today
announced that the Board of Directors has authorized, and the
Company has declared a second quarter cash dividend of $1.10 per
share of common stock, to be paid on July 15, 2024, to stockholders
of record as of June 28, 2024.
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 entertainment
experiences. The Company’s holdings include 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, five of the top seven largest non-gaming
convention center hotels in the United States based on total indoor
meeting space. The Company also owns the JW Marriott San Antonio
Hill Country Resort & Spa as well as two ancillary hotels
adjacent to our Gaylord Hotels properties. The Company’s hotel
portfolio is managed by Marriott International and includes a
combined total of 11,414 rooms as well as more than 3 million
square feet of total indoor and outdoor meeting space in top
convention and leisure destinations across the country. The Company
also owns a controlling 70% equity interest in a business comprised
of a number of entertainment and media assets, known as the Opry
Entertainment Group (“OEG”). These assets include the Grand Ole
Opry, the legendary weekly showcase of country music’s finest
performers; the Ryman Auditorium, the storied live music venue and
former home of the Grand Ole Opry; WSM-AM, the Opry’s radio home;
Ole Red, a brand of Blake Shelton-themed bar, music venue and event
spaces; Category 10, a Luke Combs-themed bar, music venue and event
space currently under construction; and Block 21, a mixed-use
entertainment, lodging, office, and retail complex located in
Austin, Texas (“Block 21”). RHP operates OEG as its Entertainment
segment in a taxable REIT subsidiary, and its results are
consolidated in the Company’s financial results.
Cautionary Note Regarding
Forward-Looking Statements
This 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,
2023, 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 and Chief Executive Officer |
Shannon Sullivan, Vice President Corporate and Brand
Communications |
Ryman Hospitality Properties, Inc. |
Ryman Hospitality Properties, Inc. |
(615) 316-6588 |
(615) 316-6725 |
mfioravanti@rymanhp.com |
ssullivan@rymanhp.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~ |
|
Sarah Martin, Vice President Investor Relations |
|
Ryman Hospitality Properties, Inc. |
|
(615) 316-6011 |
|
sarah.martin@rymanhp.com |
|
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