RCI Hospitality Holdings Inc (NASDAQ:RICK) to Issue $0.07 Quarterly Dividend

RCI Hospitality Holdings Inc (NASDAQ:RICK) declared a quarterly dividend on Monday, March 3rd, RTT News reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.07 per share by the restaurant operator on Monday, March 31st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.58%.

RCI Hospitality has increased its dividend by an average of 17.6% annually over the last three years. RCI Hospitality has a payout ratio of 4.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect RCI Hospitality to earn $6.35 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 4.4%.

RCI Hospitality Stock Down 3.1 %

NASDAQ:RICK opened at $48.23 on Tuesday. RCI Hospitality has a 1-year low of $37.61 and a 1-year high of $61.66. The company has a 50-day moving average of $54.20 and a 200 day moving average of $49.47. The firm has a market cap of $427.66 million, a PE ratio of 86.13 and a beta of 1.55. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.02 and a quick ratio of 0.92.

Analyst Ratings Changes

Several analysts have commented on the stock. StockNews.com raised shares of RCI Hospitality from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. HC Wainwright reissued a “buy” rating and set a $98.00 price target on shares of RCI Hospitality in a research report on Wednesday, February 12th.

About RCI Hospitality

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.