RCI Hospitality Holdings Inc (RICK) to Issue Quarterly Dividend of $0.07 on December 30th

RCI Hospitality Holdings Inc (NASDAQ:RICK) declared a quarterly dividend on Wednesday, December 4th,RTT News reports. Investors of record on Monday, December 16th will be given 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 0.54%. The ex-dividend date is Monday, December 16th.

RCI Hospitality has raised its dividend by an average of 17.0% per year over the last three years. RCI Hospitality has a dividend payout ratio of 6.7% meaning its dividend is sufficiently covered by earnings. Equities 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 Performance

NASDAQ RICK opened at $52.09 on Friday. The company has a 50-day simple moving average of $47.64 and a two-hundred day simple moving average of $45.61. RCI Hospitality has a 12-month low of $37.61 and a 12-month high of $69.40. The firm has a market cap of $468.65 million, a price-to-earnings ratio of 100.17 and a beta of 1.60. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 0.80.

Analyst Ratings Changes

Several equities analysts recently issued reports on RICK shares. StockNews.com upgraded RCI Hospitality from a “hold” rating to a “buy” rating in a research report on Monday, October 7th. HC Wainwright restated a “buy” rating and issued a $98.00 target price on shares of RCI Hospitality in a report on Wednesday, November 6th.

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.