Ryman Hospitality Pptys Inc Stock Price, News & Analysis

Ryman Hospitality Properties announced the 2022 tax classification of its dividend distributions for shareholders. Two notable payments include a $0.10 dividend paid on October 17, 2022, and a $0.25 dividend paid on January 17, 2023, totaling $0.35 for the year. The tax classifications indicate that $0.283418 is ordinary non-qualifying dividends, while $0.066582 represents long-term capital gains. Shareholders are advised to consult with tax advisors for specific treatments as this information is preliminary and subject to changes upon further filings.

Ryman Hospitality Properties (NYSE: RHP) will announce its fourth quarter 2022 earnings on February 23, 2023, after market close. A conference call is scheduled for February 24, 2023, at 10:00 a.m. ET for the management to discuss the results. Investors can access the call via dial-in or through a webcast on the company's Investor Relations website. Ryman specializes in upscale convention center resorts and country music entertainment, operating five of the largest non-gaming convention center hotels in the U.S. and owning a significant interest in Opry Entertainment Group.

Ryman Hospitality Properties (NYSE: RHP) provided a business update for Q4 2022, highlighting strong performance in its Hospitality segment. CEO Colin Reed noted record Average Daily Rates (ADR) and significant increases in Revenue per Available Room (RevPAR) driven by robust holiday programming, including ICE!. For October and November, total occupancy reached 74.1% and 71.1%, respectively, with ADR exceeding 2019 levels. The company anticipates setting a monthly revenue record for December, bolstered by leisure demand across the Gaylord Hotels brand.

Ryman Hospitality Properties (NYSE: RHP) announced a fourth quarter cash dividend of $0.25 per common share, set for payment on January 17, 2023, to stockholders who are on record as of December 30, 2022. This is an increase from the previous quarter's dividend of $0.10. CEO Colin Reed expressed confidence in the company's long-term growth trajectory, citing record quarterly revenue and profitability as factors in future dividend considerations.

Ryman Hospitality Properties (NYSE: RHP) reported impressive third quarter financial results for 2022, achieving a net income of $45.2 million ($0.79 per diluted share). Despite a dip in occupancy compared to 2019, the Company reached a record $390.6 million in Hospitality revenue, driven by strong leisure demand, with average daily rates rising 14.6% year-over-year. The Company reinstated a quarterly cash dividend of $0.10. Looking ahead, RHP increased its full-year guidance, reflecting confidence in continued momentum in leisure and group travel.

Ryman Hospitality Properties (NYSE: RHP) has announced a significant leadership transition. Chairman and CEO Colin Reed will become Executive Chairman effective January 1, 2023, after 21 years as CEO. Mark Fioravanti, previously President, will step in as President and CEO. Reed's new role will focus on strategic partnerships and advancing the company's ESG goals. Under Reed's leadership, RHP established itself as a major hospitality and entertainment player. Fioravanti aims to build on this momentum with a long-tenured management team, emphasizing value creation for stakeholders.

Ryman Hospitality Properties (NYSE: RHP) will present at the Deutsche Bank 2022 Leveraged Finance Conference on September 21 at 10 a.m. MT. President Mark Fioravanti will partake in a fireside chat, alongside CFO Jennifer Hutcheson and VP Ray Keeler, who will hold meetings with attendees. A webcast of the presentation will be available on Ryman's website, with a replay accessible for 180 days post-event. RHP is known for its upscale convention center resorts, including Gaylord hotels, and a significant interest in Opry Entertainment Group.

Ryman Hospitality Properties, Inc. (NYSE: RHP) announced it will release its third quarter 2022 earnings results on October 31, 2022, after market close. A conference call is scheduled for November 1, 2022, at 10:00 a.m. ET, to discuss the earnings. The call can be accessed at Ryman's Investor Relations website or by calling 800-225-9448. RHP is known for its upscale convention center resorts and country music entertainment experiences, managing five of the largest non-gaming convention center hotels in the U.S., with over 10,000 rooms and significant meeting spaces.

Ryman Hospitality Properties (NYSE: RHP) announced a quarterly cash dividend of $0.10 per share, payable on October 17, 2022, to shareholders on record as of September 30, 2022. The new interim dividend policy sets a minimum dividend of 100% of REIT taxable income annually. Ryman reports strong demand in its hospitality business, with hotel performance surpassing 2019 levels for group room nights in August. The company's Board has reinstated the dividend, reflecting confidence in future growth.