Ryman Declares 85 Cent Per Share 3Q Dividend

Neil Blake / Getty Images – Ryman Auditorium

Ryman Hospitality Properties’ board of directors announced Sept. 17 it is declaring a cash dividend of 85 cents per share of common stock, payable Oct. 15 to stockholders of record Sept. 28.

The annual declaration is paid to stockholders, who can choose to reinvest as they see fit. 

Over the past six months Ryman Hospitality, whose properties include Grand Ole Opry, Ryman Auditorium, the Ole Red lifestyle and entertainment brand, radio station WSM-AM in Nashville, and four resorts under the Gaylord Hotels brand, has seen its stock rise from $76.06 (on March 20) to $88.14 at the end of Sept. 17. Over that period the peak price was $89.42, according to Yahoo! Finance. 

Ryman Hospitality’s Q1 revenues were up 4.5 percent to $288 million as previously reported by Pollstar. 

Ryman Auditorium has been Pollstar’s Theatre Of The Year for the last eight years.