RCI Increases Quarterly Cash Dividend 20%

Rhea-AI Summary

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) has announced a 20% increase in its quarterly cash dividend, raising it from $0.05 to $0.06 per share. This increase marks the company’s 29th consecutive quarterly dividend. The dividend for the fiscal 2023 second quarter, ending on March 31, 2023, is set to be paid on March 29, 2023, to shareholders recorded by March 15, 2023. The ex-dividend date will be March 14, 2023, underscoring RCI's commitment to returning value to its shareholders.

Positive

• 20% increase in quarterly cash dividend to $0.06 per share.
• Marking the 29th consecutive quarterly cash dividend.

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• None.

HOUSTON, Feb. 28, 2023 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced today it has increased its quarterly cash dividend by 20%, to $0.06 per share from $0.05, for the fiscal 2023 second quarter ending March 31, 2023. The 2Q23 dividend is payable March 29, 2023, to holders of record March 15, 2023, with an ex-dividend date of March 14, 2023. This marks RCI's 29th consecutive quarterly cash dividend.

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

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SOURCE RCI Hospitality Holdings, Inc.

FAQ

What is the new cash dividend amount for RICK?

RCI Hospitality Holdings has increased its cash dividend to $0.06 per share.

When is the RICK dividend payment date?

The dividend payment date is set for March 29, 2023.

What is the ex-dividend date for RICK's dividend?

The ex-dividend date is March 14, 2023.

How often does RCI Hospitality pay dividends?

RCI Hospitality pays dividends quarterly.

Is RICK's dividend sustainable?

The increase in the dividend suggests confidence in ongoing cash flow, but investors should consider overall company performance and market conditions.