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

RCI Hospitality Holdings, Inc. (NASDAQ:RICK) announced a quarterly dividend on Tuesday, June 2nd. Investors of record on Monday, June 15th will be given a dividend of 0.08 per share by the restaurant operator on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Monday, June 15th.

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

RCI Hospitality Stock Performance

Shares of RICK stock opened at $27.34 on Friday. RCI Hospitality has a one year low of $20.76 and a one year high of $41.50. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.49 and a current ratio of 0.55. The company has a 50 day moving average price of $24.85 and a 200 day moving average price of $24.23. The firm has a market capitalization of $208.88 million, a price-to-earnings ratio of -35.05 and a beta of 0.76.

RCI Hospitality (NASDAQ:RICK) last announced its quarterly earnings results on Thursday, March 19th. The restaurant operator reported ($0.63) earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($2.44). The company had revenue of $70.93 million during the quarter, compared to analyst estimates of $69.80 million. RCI Hospitality had a negative net margin of 2.31% and a negative return on equity of 2.61%.

RCI Hospitality Company Profile

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.