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REIT Conversion with 18% Special Dividend Yield

Ryman Hospitality Properties Inc. (NYSE: RHP) declared a special dividend of $6.84 a share, marking another step towards the hospitality-and-entertainment company’s conversion into a real estate investment trust.  The dividend is payable to stockholders of record as of Nov. 13. The company plans to pay the dividend on Dec. 21.

The special dividend equates to a dividend yield of 18.14%.

Ryman, formerly known as Gaylord Entertainment, owns four massive conference resorts and had previously disclosed plans to offer a special dividend as part of its conversion to a REIT. In May, Gaylord Entertainment agreed to sell its brand and management operations to Marriott International Inc. (MAR) for $210 million, following a strategic review of its business.

Shareholders will have the option to receive the dividend in the form of cash or shares of common stock, with the total amount of cash payable to shareholders limited to about $61.9 million.

“The special dividend brings us one step closer to completing our conversion to a REIT effective January 1, 2013,” said Colin Reed, chairman, CEO and president of Ryman Hospitality Properties.  “We believe the REIT structure will support our strategic direction and the tax efficiency of the REIT structure will provide a benefit to our shareholders.”

Stocks with 30% Dividend Increases in Last Quarter

As the market uncertainty continues throughout 2012, investors are still seeking safety from income investments.  While a significant amount of money has moved into bonds, dividend stocks are still a great place to find income streams.  The boards of many companies are realizing this and responding by increasing their dividends.  You have many dividend growth companies that continue to increase their dividends at a high pace each year.  The following list includes companies that increased their dividend payments by 30% in the previous quarter.

Southwest Airlines (LUV) engages in the operation of a passenger airline that provides scheduled air transportation in the United States.  LUV increased its dividend from $0.045 to $0.10 for an increase of 122%.  LUV has a 5-year average dividend growth rate of 17.32%.  LUV has a dividend yield of 0.43% with a 5% payout ratio.  LUV is trading at $9.18 with a market cap of $7.12 billion.  LUV has an equity summary score of 7.1 out of 10 for a Bullish outlook.

KeyCorp (KEY) operates as a holding company for KeyBank National Association that provides various banking services in the United States.  KEY increased its dividend from $0.03 to $0.05 for an increase of 66%.  KEY is rebuilding its dividend since being cut in the financial crisis of 2008.  KEY has a dividend yield of 2.60% with a 13% payout ratio.  KEY is trading at $7.66 with a market cap of $7.34 billion.  KEY has an equity summary score of 4.4 out of 10 for a Neutral outlook.

Coach, Inc. (COH) designs and markets accessories and gifts for women and men in the United States and internationally.  It primarily offers handbags, women’s and men’s bag, accessories, business cases, footwear, wearables, jewelry, sunwear, travel bags, watches, and fragrance products.  COH increased its dividend from $0.225 to $0.30 for an increase of 33%.  COH has increased its dividend each year since initiating in 2009 for a total increase of 329%.  COH has a dividend yield of 2.08% with a 26% payout ratio.  COH is trading at $57.49 with a market cap of $16.5 billion.  COH has an equity summary score of 8.7 out of 10 for a Bullish outlook.

Barrick Gold Corporation (ABX) engages in the production and sale of gold and copper. The company has a portfolio of 26 operating mines, and exploration and development projects located in North America, South America, the Australia Pacific region, and Africa.  ABX is down 20% in the past year as the price of gold has declined.  ABX increased its dividend from $0.15 to $0.20 for an increase of 33%.  ABX has a 5-year average dividend growth rate of 21.7%.  ABX has a dividend yield of 2.17% with a 12% payout ratio.  ABX is trading at $36.36 with a market cap of $36.8 billion.  ABX has an equity summary score of 4.4 out of 10 for a Neutral outlook.

The Goldman Sachs Group, Inc. (GS) provides investment banking, securities, and investment management services, as well as a range of financial services to corporations, financial institutions, governments and high-net-worth individuals worldwide.  GS increased its dividend from $0.35 to $0.46 for an increase of 31.4%.  GS has a 5-year average dividend growth rate of 5.6%.  GS has a dividend yield of 1.93% with a 20% payout ratio.  GS is trading at $94.05 with a market cap of $46.96 billion.  GS has an equity summary score of 0.9 out of 10 for a VERY Bearish outlook.

Marriott International, Inc. (MAR) operates, franchises, and licenses hotels and corporate housing properties worldwide.  MAR increased its dividend from $0.10 to $0.13 for an increase of 30%.  MAR has a 5-year average dividend growth rate of 12%.  MAR has a dividend yield of 1.32% with a 68% payout ratio.  MAR is trading at $39.12 with a market cap of $13.0 billion.  MAR has an equity summary score of 8.5 out of 10 for a Bullish outlook.

UnitedHealth Group Incorporated (UNH) operates as a diversified health and well-being company in the United States.  UNH increased its dividend from $0.1625 to $0.2125 for an increase of 30.8%.  UNH has a 5-year average dividend growth rate of 95%.  UNH has a dividend yield of 1.52% with a 13% payout ratio.  UNH is trading at $55.70 with a market cap of $57.9 billion.  UNH has an equity summary score of 9.5 out of 10 for a VERY Bullish outlook.

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