RCI Hospitality Holdings Inc (RICK) to Issue Quarterly Dividend of $0.06 on June 28th

RCI Hospitality Holdings Inc (NASDAQ:RICKGet Free Report) announced a quarterly dividend on Wednesday, May 29th, Zacks reports. Shareholders of record on Friday, June 14th will be given a dividend of 0.06 per share by the restaurant operator on Friday, June 28th. This represents a $0.24 annualized dividend and a yield of 0.56%. The ex-dividend date is Friday, June 14th.

RCI Hospitality has increased its dividend payment by an average of 17.0% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. RCI Hospitality has a payout ratio of 5.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect RCI Hospitality to earn $4.73 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 5.1%.

RCI Hospitality Stock Performance

Shares of NASDAQ RICK opened at $43.01 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.66 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $401.28 million, a P/E ratio of 21.08, a P/E/G ratio of 1.44 and a beta of 1.69. RCI Hospitality has a 12 month low of $41.79 and a 12 month high of $79.46. The stock has a 50 day moving average of $51.10 and a 200-day moving average of $56.96.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RICK. HC Wainwright cut their target price on shares of RCI Hospitality from $115.00 to $98.00 and set a “buy” rating for the company in a research note on Monday, May 13th. StockNews.com downgraded RCI Hospitality from a “buy” rating to a “hold” rating in a research report on Saturday, May 18th. Finally, TheStreet cut RCI Hospitality from a “b-” rating to a “c+” rating in a report on Tuesday, March 5th.

Read Our Latest Research Report on RCI Hospitality

Insiders Place Their Bets

In related news, Director Johnson Martin Elaine purchased 539 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was acquired at an average cost of $46.40 per share, for a total transaction of $25,009.60. Following the completion of the purchase, the director now owns 10,530 shares in the company, valued at approximately $488,592. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Johnson Martin Elaine acquired 539 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was acquired at an average price of $46.40 per share, with a total value of $25,009.60. Following the completion of the transaction, the director now directly owns 10,530 shares of the company’s stock, valued at approximately $488,592. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Eric Scott Langan purchased 1,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was acquired at an average price of $54.54 per share, for a total transaction of $54,540.00. Following the purchase, the chief executive officer now owns 703,000 shares in the company, valued at approximately $38,341,620. The disclosure for this purchase can be found here. Insiders acquired 2,381 shares of company stock worth $120,008 in the last quarter. 8.34% of the stock is currently owned by corporate insiders.

About RCI Hospitality

(Get Free Report)

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.

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Dividend History for RCI Hospitality (NASDAQ:RICK)

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