Ryman Hospitality upgraded to Buy from Hold at Deutsche Bank Deutsche Bank upgraded Ryman Hospitality to Buy citing the recovery in the Group segment and its view that consensus estimates are too low. The firm raised its price target for shares to $58 from $46.
Ryman Hospitality raises quarterly dividend 10c to 65c per share The company declared its Q1 cash dividend of 65c per share of common stock from 55c per share payable on April 16 to stockholders of record on March 31. It is the company’s current plan to distribute total 2015 annual dividends of approximately $2.60 per share in cash in equal quarterly payments in April, July, October, and January. To the extent that the expected regular quarterly dividends for 2015 do not satisfy the company’s annual distribution requirements, the company expects to satisfy the annual distribution requirement by paying a “catch up” dividend in January 2016. Any future dividend is subject to the board’s future determinations as to the amount of quarterly distributions and the timing thereof.