/C O R R E C T I O N -- RCI Hospitality Holdings, Inc./

Rhea-AI Summary

RCI Hospitality Holdings (Nasdaq: RICK) has declared its 34th consecutive quarterly cash dividend of $0.06 per common share for the fiscal third quarter of 2024.

The dividend is payable on June 28, 2024, to shareholders on record as of June 14, 2024, with an ex-dividend date also on June 14, 2024.

This consistent dividend payout emphasizes RCI's commitment to returning capital to its shareholders.

Positive

• RCI declared a quarterly cash dividend of $0.06 per share.
• This marks the 34th consecutive quarterly cash dividend, indicating financial stability.
• The dividend will be payable on June 28, 2024, to shareholders on record as of June 14, 2024.

Negative

• The dividend amount of $0.06 per share has remained unchanged, which might not attract new investors seeking higher returns.
• There is no mention of revenue growth or profitability improvements in the PR.

In the news release, RCI Announces 34th Consecutive Quarterly Cash Dividend, issued 29-May-2024 by RCI Hospitality Holdings, Inc. over PR Newswire, we are advised by the company that the ex-dividend date in the first paragraph, second sentence, should read "June 14, 2024" rather than "June 13, 2024" as originally issued inadvertently. The complete, corrected release follows:

RCI Announces 34th Consecutive Quarterly Cash Dividend

HOUSTON, May 29, 2024 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced today it has declared a quarterly cash dividend of $0.06 per common share for the fiscal 2024 third quarter ending June 30, 2024. The 3Q24 dividend is payable June 28, 2024 to holders of record June 14, 2024 with an ex-dividend date of June 14, 2024. This marks RCI's 34th consecutive quarterly cash dividend.

About RCI Hospitality Holdings, Inc. (Nasdaq: RICK) (X: @RCIHHinc)

With more than 60 locations, RCI Hospitality Holdings, Inc., through its subsidiaries, is the country's leading company in adult nightclubs and sports bars/restaurants. See all our brands at www.rcihospitality.com.

Media & Investor Contacts

Gary Fishman and Steven Anreder at 212-532-3232 or gary.fishman@anreder.com and steven.anreder@anreder.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/rci-announces-34th-consecutive-quarterly-cash-dividend-302157998.html

SOURCE RCI Hospitality Holdings, Inc.

FAQ

What is the dividend amount announced by RCI for 3Q24?

RCI announced a quarterly cash dividend of $0.06 per common share for the fiscal third quarter of 2024.

When is RCI's 3Q24 dividend payable?

RCI's 3Q24 dividend is payable on June 28, 2024.

What is the ex-dividend date for RCI's 3Q24 dividend?

The ex-dividend date for RCI's 3Q24 dividend is June 14, 2024.

How many consecutive quarterly dividends has RCI declared?

RCI has declared 34 consecutive quarterly cash dividends.