RCI Hospitality Holdings, Inc. (RICK) to Issue Quarterly Dividend of $0.08 on September 30th

RCI Hospitality Holdings, Inc. (NASDAQ:RICK) declared a quarterly dividend on Monday, August 31st. Investors of record on Tuesday, September 15th will be given a dividend of 0.08 per share by the restaurant operator on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, September 15th.

RCI Hospitality has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 years. RCI Hospitality has a dividend payout ratio of 5.2% meaning its dividend is sufficiently covered by earnings.

RCI Hospitality Stock Up 1.6%

Shares of RICK stock opened at $29.09 on Friday. The stock has a 50 day moving average of $27.93 and a 200-day moving average of $25.77. The firm has a market cap of $222.25 million, a PE ratio of -70.95 and a beta of 0.78. The company has a quick ratio of 0.48, a current ratio of 0.56 and a debt-to-equity ratio of 0.89. RCI Hospitality has a 12 month low of $20.76 and a 12 month high of $35.04.

RCI Hospitality (NASDAQ:RICK) last issued its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $0.90 earnings per share for the quarter. The firm had revenue of $73.94 million during the quarter. RCI Hospitality had a negative net margin of 1.48% and a negative return on equity of 1.74%.

About RCI Hospitality

RCI Hospitality Holdings, Inc operates as a diversified hospitality and entertainment company focused on the ownership and operation of adult nightclubs and themed sports bars throughout the United States and select international markets. The company’s U.S. Nightclub segment includes venues branded as Rick’s Cabaret, Club Onyx and various other upscale adult entertainment clubs, offering private dance experiences, VIP services and live performances. Its Restaurant & Bar segment operates Bombshells, a brunch-themed sports bar chain featuring chef-driven menus, craft cocktails and game-day viewing in a military-inspired setting.

In addition to its brick-and-mortar venues, RCI Hospitality deploys proprietary digital platforms for talent recruitment, training and scheduling, helping to streamline operations and drive customer engagement.