Ryman Hospitality Props: Dividend Insights
Portfolio Pulse from Benzinga Insights
Ryman Hospitality Props (NYSE:RHP) has announced a quarterly dividend of $1.0 per share. The stock will go ex-dividend on Thursday, meaning it will likely open $1.0 lower to reflect the payout. Shareholders who own RHP as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on October 16, 2023.
September 18, 2023 | 2:45 pm
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Ryman Hospitality Props has announced a quarterly dividend of $1.0 per share. The stock will go ex-dividend on Thursday, which will likely result in a temporary decrease in the stock price.
Dividend payouts typically result in a decrease in the stock price equivalent to the amount of the dividend. This is because the company's assets decrease by the amount of the dividend payout. Therefore, it is expected that RHP's stock price will decrease temporarily.
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