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

RCI Hospitality Holdings, Inc. (NASDAQ:RICK) declared a quarterly dividend on Wednesday, June 3rd. Shareholders 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) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, June 15th.

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

RCI Hospitality Stock Down 2.6%

RICK stock opened at $24.42 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.55 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $186.57 million, a PE ratio of -31.31 and a beta of 0.76. RCI Hospitality has a twelve month low of $20.76 and a twelve month high of $43.10. The stock has a 50-day simple moving average of $24.55 and a two-hundred day simple moving average of $24.12.

RCI Hospitality (NASDAQ:RICK) last posted its 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 for the quarter, compared to analysts’ expectations 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.