RCI Hospitality Holdings Inc Plans Quarterly Dividend of $0.07 (NASDAQ:RICK)

RCI Hospitality Holdings Inc (NASDAQ:RICK) declared a quarterly dividend on Wednesday, December 4th,RTT News reports. Stockholders of record on Monday, December 16th will be paid a dividend of 0.07 per share by the restaurant operator on Monday, December 30th. This represents a $0.28 annualized dividend and a dividend yield of 0.55%.

RCI Hospitality has raised its dividend payment by an average of 17.0% annually over the last three years. RCI Hospitality has a dividend payout ratio of 6.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect RCI Hospitality to earn $4.18 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 6.7%.

RCI Hospitality Stock Up 0.9 %

RICK stock traded up $0.44 during midday trading on Wednesday, reaching $51.13. 21,631 shares of the company’s stock traded hands, compared to its average volume of 77,279. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 0.80. The firm’s fifty day moving average price is $46.26 and its 200-day moving average price is $45.31. The company has a market cap of $460.17 million, a price-to-earnings ratio of 97.48 and a beta of 1.60. RCI Hospitality has a 52 week low of $37.61 and a 52 week high of $69.40.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. HC Wainwright reissued a “buy” rating and issued a $98.00 price target on shares of RCI Hospitality in a research report on Wednesday, November 6th. StockNews.com raised RCI Hospitality from a “hold” rating to a “buy” rating in a research report on Monday, October 7th.

RCI Hospitality Company Profile

RCI Hospitality Holdings, Inc, through its subsidiaries, engages in the hospitality and related businesses in the United States. It operates in Nightclubs, Bombshells, and Media Group segments. The company’s wholly-owned subsidiaries own 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, Scarlett's Cabaret, Temptations Adult Cabaret, Foxy's Cabaret, Vivid Cabaret, Downtown Cabaret, Cabaret East, The Seville, Silver City Cabaret, and Kappa Men's Club.