RCI Hospitality Holdings, Inc. (NASDAQ:RICK) Declares Quarterly Dividend of $0.07

RCI Hospitality Holdings, Inc. (NASDAQ:RICK) declared a quarterly dividend on Thursday, December 4th. Stockholders of record on Monday, December 15th will be paid a dividend of 0.07 per share by the restaurant operator on Tuesday, December 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, December 15th.

RCI Hospitality has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 4 years. RCI Hospitality has a dividend payout ratio of 4.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect RCI Hospitality to earn $6.35 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 4.4%.

RCI Hospitality Price Performance

Shares of RCI Hospitality stock traded up $1.11 during trading on Thursday, reaching $26.29. The company’s stock had a trading volume of 97,937 shares, compared to its average volume of 95,793. The business has a 50 day moving average price of $26.22 and a 200-day moving average price of $33.60. RCI Hospitality has a 12-month low of $21.88 and a 12-month high of $61.66. The company has a market capitalization of $229.25 million, a P/E ratio of 14.13 and a beta of 0.97. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 0.83.

RCI Hospitality (NASDAQ:RICK) last issued its earnings results on Wednesday, January 11th. The restaurant operator reported $1.58 EPS for the quarter. RCI Hospitality had a net margin of 5.88% and a return on equity of 6.19%. The company had revenue of $54.94 million for the quarter. As a group, sell-side analysts anticipate that RCI Hospitality will post 4.55 EPS for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of RCI Hospitality in a report on Tuesday. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, RCI Hospitality presently has an average rating of “Hold” and an average price target of $98.00.

About RCI Hospitality

RCI Hospitality Holdings, Inc, through its subsidiaries, engages in the hospitality and related businesses in the United States. It operates in Nightclubs, Bombshells, and Media Group segments. The company’s wholly-owned subsidiaries own and/or operates upscale adult nightclubs serving primarily businessmen and professionals under the Rick's Cabaret, Jaguars Club, Tootsie's Cabaret, XTC Cabaret, Club Onyx, Hoops Cabaret and Sports Bar, Scarlett's Cabaret, Temptations Adult Cabaret, Foxy's Cabaret, Vivid Cabaret, Downtown Cabaret, Cabaret East, The Seville, Silver City Cabaret, and Kappa Men's Club.