Are You Missing Out on This Stock's Monster Dividend Raise?
Ryman Hospitality Properties (NYSE: RHP) has been one of the best-performing stocks in the real estate sector despite a very difficult environment. The overall real estate sector has lagged the market recently with a total return of less than 8% since the start of 2023, compared with a 51% total return for Ryman.
Despite this stellar performance, this real estate investment trust, or REIT, still looks like an attractive investment opportunity. Its recent results have been remarkably strong. Just a few years after pausing its dividend during the COVID-19 pandemic, Ryman is rapidly becoming an excellent dividend growth stock, again.
In Ryman's fourth-quarter earnings report, management said the company intends to pay "aggregate minimum dividends for 2024 of $4.40 per share," which represents a 14% increase, compared with the $3.85 per share paid in 2023. Here's why Ryman could still be cheap despite its incredible stock performance.
Source Fool.com
