RCI Hospitality Holdings, Inc. (NASDAQ:RICK) to Issue $0.08 Quarterly Dividend

RCI Hospitality Holdings, Inc. (NASDAQ:RICK) announced a quarterly dividend on Monday, August 31st. Shareholders of record on Tuesday, September 15th will be paid 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 raised its dividend annually for the last 4 consecutive years. RCI Hospitality has a dividend payout ratio of 5.2% indicating that its dividend is sufficiently covered by earnings.

RCI Hospitality Trading Down 3.5%

NASDAQ RICK opened at $29.13 on Tuesday. The firm has a market cap of $222.55 million, a P/E ratio of -71.05 and a beta of 0.76. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.56 and a quick ratio of 0.48. The stock’s 50-day moving average is $27.63 and its 200-day moving average is $25.40. RCI Hospitality has a one year low of $20.76 and a one year high of $37.60.

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

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.