Ryman Hospitality declares $1.10 dividend for Q3 2024

On September 4, 2024, Ryman Hospitality Properties, Inc. made a significant announcement regarding its financial strategy by declaring a cash dividend of $1.10 per share for the third quarter of 2024. This dividend is scheduled for distribution on October 15, 2024, to stockholders who are on record as of September 30, 2024. This move reflects the company's ongoing commitment to returning value to its shareholders amidst a competitive market environment. In conjunction with the dividend announcement, Ryman Hospitality also revealed a correction in its methodology for calculating funds from operations (FFO) per diluted share. This adjustment is aimed at providing a more accurate representation of the company's financial performance. The revised methodology includes additional adjustments related to the proportional FFO attributable to noncontrolling interests in consolidated joint ventures, which were previously excluded. The corrected methodology is not expected to alter any previously reported information under generally accepted accounting principles (GAAP) but is anticipated to result in a slightly higher calculation for the full year 2024 adjusted FFO per diluted share guidance. This adjustment underscores the company's proactive approach to financial transparency and accuracy. Overall, these developments indicate Ryman Hospitality's focus on enhancing shareholder value while ensuring that its financial reporting reflects the true performance of its operations. The company continues to navigate the complexities of the hospitality industry, aiming to maintain a strong financial position and deliver consistent returns to its investors.