RCI Increases Quarterly Cash Dividend 25%

Rhea-AI Summary

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced a 25% increase in its quarterly cash dividend, raising it from $0.04 to $0.05 per share for the second fiscal quarter ending March 31, 2022. This new rate establishes an annualized dividend of $0.20 per share and marks the company's 25th consecutive quarterly cash dividend. The dividend will be payable on March 29, 2022, to shareholders on record as of March 15, 2022, with the ex-dividend date set for March 14, 2022.

Positive

• Quarterly cash dividend increased by 25% to $0.05 per share.
• New annualized dividend rate of $0.20 per share.
• 25th consecutive quarterly cash dividend demonstrates company stability.

Negative

• None.

HOUSTON, Feb. 28, 2022 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced today it has increased its quarterly cash dividend by 25%, to $0.05 per share from $0.04, for the Fiscal 2022 second quarter ending March 31, 2022.

The dividend establishes a new annualized rate of $0.20 per share and marks RCI's 25^th consecutive quarterly cash dividend. The dividend is payable March 29, 2022, to holders of record March 15, 2022, with an ex-dividend date of March 14, 2022.

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 dividend amount for RICK?

RCI Hospitality has increased its quarterly dividend to $0.05 per share.

When is the dividend payment date for RICK?

The dividend is payable on March 29, 2022.

What is the previous dividend amount for RICK?

The previous dividend amount was $0.04 per share.

When is the ex-dividend date for RICK?

The ex-dividend date for RICK is March 14, 2022.

How long has RICK been paying dividends?

RCI Hospitality has paid dividends for 25 consecutive quarters.