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

RCI Hospitality Holdings, Inc. (NASDAQ:RICK) declared a quarterly dividend on Thursday, December 4th. Shareholders of record on Monday, December 15th will be given a dividend of 0.07 per share by the restaurant operator on Tuesday, December 30th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, December 15th.

RCI Hospitality has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 4 years. RCI Hospitality has a payout ratio of 4.6% indicating that its dividend is sufficiently covered by earnings. 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 Up 4.4%

Shares of RCI Hospitality stock traded up $1.11 during trading hours on Thursday, reaching $26.29. 97,937 shares of the company were exchanged, compared to its average volume of 95,793. RCI Hospitality has a 1 year low of $21.88 and a 1 year high of $61.66. The firm has a market cap of $229.25 million, a PE ratio of 14.13 and a beta of 0.97. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.83 and a current ratio of 0.92. The stock’s fifty day moving average is $26.22 and its 200 day moving average is $33.60.

RCI Hospitality (NASDAQ:RICK) last posted its quarterly earnings results on Wednesday, January 11th. The restaurant operator reported $1.58 earnings per share (EPS) for the quarter. RCI Hospitality had a return on equity of 6.19% and a net margin of 5.88%.The company had revenue of $54.94 million for the quarter. As a group, equities research analysts forecast that RCI Hospitality will post 4.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of RCI Hospitality in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, RCI Hospitality has a consensus rating of “Hold” and an average price target of $98.00.

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.