Ryman Hospitality Properties, Inc. Announces 2024 Tax Classification of Shareholder Dividend Distributions
Rhea-AI Summary
Ryman Hospitality Properties (NYSE: RHP) has disclosed the tax classification of its 2024 shareholder dividend distributions. The company distributed quarterly dividends of $1.10 per share for the first three quarters and $1.15 for the fourth quarter, totaling $4.45 per share for 2024.
Of the total distribution, $4.351352 is taxable in 2024, with $4.284351 classified as ordinary non-qualifying dividends and $0.067001 as long-term capital gains. The entire amount qualifies as Section 199A dividends, with no return of capital distributions. A portion of the fourth quarter dividend ($0.098648) will be taxable in 2025.
Positive
- Increased Q4 dividend to $1.15 from $1.10 in previous quarters
- Total annual dividend distribution of $4.45 per share
- 100% of distributions qualify for Section 199A dividend treatment
Negative
- None.
News Market Reaction – RHP
On the day this news was published, RHP declined 1.72%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
NASHVILLE, Tenn., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP) (the “Company”) today announced the 2024 tax classification of the dividend distributions made to the Company’s shareholders.
The income tax classification as expected to be reported on Form 1099-DIV is as follows:
| Record Date | Payment Date | Total Distribution | Total Taxable in 2024 | Ordinary Non- Qualifying Dividend | Long-term Capital Gain ( | Nondividend Dist (Return of Capital) | Eligible Sec. 199A Dividend | Taxable in 2025 | |||||||
| 3/29/2024 | 4/15/2024 | $ | 1.10 | $ | 1.100000 | $ | 1.083063 | $ | 0.016937 | $ | - | $ | 1.083063 | $ | - |
| 6/28/2024 | 7/15/2024 | $ | 1.10 | $ | 1.100000 | $ | 1.083063 | $ | 0.016937 | $ | - | $ | 1.083063 | $ | - |
| 9/30/2024 | 10/15/2024 | $ | 1.10 | $ | 1.100000 | $ | 1.083063 | $ | 0.016937 | $ | - | $ | 1.083063 | $ | - |
| 12/31/2024 | 1/15/2025 | $ | 1.15 | $ | 1.051352 | $ | 1.035163 | $ | 0.016188 | $ | - | $ | 1.035163 | $ | 0.098648 |
| Total | $ | 4.45 | $ | 4.351352 | $ | 4.284351 | $ | 0.067001 | $ | - | $ | 4.284351 | $ | 0.098648 | |
The information presented above is based on preliminary results and is subject to correction or adjustment when the Company’s filings are completed. The tax information provided should not be construed as tax advice. Shareholders are encouraged to consult with their tax advisors regarding their specific tax treatment.
About Ryman Hospitality Properties, Inc.
Ryman Hospitality Properties, Inc. (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company’s holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space. The Company also owns the JW Marriott San Antonio Hill Country Resort & Spa as well as two ancillary hotels adjacent to our Gaylord Hotels properties. The Company’s hotel portfolio is managed by Marriott International and includes a combined total of 11,414 rooms as well as more than 3 million square feet of total indoor and outdoor meeting space in top convention and leisure destinations across the country. RHP also owns a
| Investor Relations Contacts: | Media Contacts: |
| Mark Fioravanti, President and Chief Executive Officer | Shannon Sullivan, Vice President Corporate and Brand Communications |
| Ryman Hospitality Properties, Inc. | Ryman Hospitality Properties, Inc. |
| (615) 316-6588 | (615) 316-6725 |
| mfioravanti@rymanhp.com | ssullivan@rymanhp.com |
| ~or~ | |
| Jennifer Hutcheson, Chief Financial Officer | |
| Ryman Hospitality Properties, Inc. | |
| (615) 316-6320 | |
| jhutcheson@rymanhp.com | |
| ~or~ | |
| Sarah Martin, Vice President Investor Relations | |
| Ryman Hospitality Properties, Inc. | |
| (615) 316-6011 | |
| sarah.martin@rymanhp.com |
FAQ
What is RHP's total dividend distribution for 2024?
How much of RHP's 2024 dividend is classified as ordinary non-qualifying dividend?
Did RHP increase its dividend payment in Q4 2024?
What portion of RHP's Q4 2024 dividend will be taxable in 2025?
How much of RHP's 2024 dividend qualifies as Section 199A dividend?
