RCI Hospitality Holdings Inc to Issue Quarterly Dividend of $0.03 (RICK)

RCI Hospitality Holdings Inc (NASDAQ:RICK) declared a quarterly dividend on Thursday, November 15th, RTT News reports. Stockholders of record on Monday, December 10th will be given a dividend of 0.03 per share by the restaurant operator on Wednesday, December 26th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Friday, December 7th.

RCI Hospitality has a payout ratio of 5.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect RCI Hospitality to earn $2.46 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 4.9%.

RICK opened at $25.44 on Thursday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.24 and a quick ratio of 1.14. RCI Hospitality has a 12 month low of $25.27 and a 12 month high of $34.84. The firm has a market capitalization of $254.13 million, a P/E ratio of 17.79 and a beta of 0.89.

A hedge fund recently raised its stake in RCI Hospitality stock. Bank of New York Mellon Corp lifted its position in RCI Hospitality Holdings Inc (NASDAQ:RICK) by 18.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,829 shares of the restaurant operator’s stock after buying an additional 8,264 shares during the period. Bank of New York Mellon Corp owned about 0.55% of RCI Hospitality worth $1,703,000 as of its most recent SEC filing. Institutional investors and hedge funds own 48.25% of the company’s stock.

RICK has been the subject of a number of recent analyst reports. BidaskClub cut shares of RCI Hospitality from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. Zacks Investment Research cut shares of RCI Hospitality from a “buy” rating to a “hold” rating in a research report on Friday, August 17th. Finally, Westpark Capital restated a “buy” rating and issued a $34.00 price objective on shares of RCI Hospitality in a research report on Monday, August 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $36.00.

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About RCI Hospitality

RCI Hospitality Holdings, Inc, through its subsidiaries, engages in the hospitality and related businesses in the United States. It operates in two segments, Nightclubs and Bombshells. The company owns and/or operates upscale adult nightclubs serving primarily businessmen and professionals under the Rick's Cabaret, Jaguars Club, Tootsie's Cabaret, XTC Cabaret, Club Onyx, Hoops Cabaret and Sports Bar, Foxy's Cabaret, Vivid Cabaret, Downtown Cabaret, Temptations Adult Cabaret, Scarlett's Cabaret, Silver City Cabaret, Cabaret East, and The Seville brands.

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Dividend History for RCI Hospitality (NASDAQ:RICK)

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