RCI Hospitality Holdings, Inc. (RICK) Announces $0.03 Quarterly Dividend

RCI Hospitality Holdings, Inc. (NASDAQ:RICK) announced a quarterly dividend on Wednesday, November 15th, RTT News reports. Investors of record on Monday, December 11th will be paid a dividend of 0.03 per share by the restaurant operator on Tuesday, December 26th. This represents a $0.12 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend is Friday, December 8th.

Shares of RCI Hospitality Holdings (RICK) traded up $0.41 during mid-day trading on Wednesday, hitting $29.42. 56,000 shares of the company traded hands, compared to its average volume of 68,685. The company has a market cap of $281.95, a P/E ratio of 19.34 and a beta of 0.27. The company has a quick ratio of 0.88, a current ratio of 0.96 and a debt-to-equity ratio of 0.79. RCI Hospitality Holdings has a 1-year low of $11.90 and a 1-year high of $29.49.

Several analysts recently commented on the stock. Westpark Capital reaffirmed a “buy” rating and set a $30.00 target price on shares of RCI Hospitality Holdings in a report on Wednesday, October 11th. Zacks Investment Research raised shares of RCI Hospitality Holdings from a “sell” rating to a “hold” rating and set a $30.00 target price for the company in a report on Wednesday, October 11th.

A hedge fund recently bought a new stake in RCI Hospitality Holdings stock. State Street Corp acquired a new position in RCI Hospitality Holdings, Inc. (NASDAQ:RICK) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 105,227 shares of the restaurant operator’s stock, valued at approximately $2,508,000. State Street Corp owned approximately 1.08% of RCI Hospitality Holdings as of its most recent SEC filing. 48.40% of the stock is currently owned by institutional investors and hedge funds.

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About RCI Hospitality Holdings

Dividend History for RCI Hospitality Holdings (NASDAQ:RICK)

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