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

RCI Hospitality Holdings Inc (NASDAQ:RICK) announced a quarterly dividend on Wednesday, December 4th,RTT News reports. Shareholders 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 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. Equities 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 Trading Up 0.9 %

NASDAQ:RICK traded up $0.44 during midday trading on Wednesday, reaching $51.13. 21,631 shares of the stock traded hands, compared to its average volume of 77,279. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.82 and a current ratio of 0.90. The company has a fifty day moving average of $46.26 and a 200 day moving average of $45.31. The stock has a market capitalization of $460.17 million, a P/E ratio of 97.48 and a beta of 1.60. RCI Hospitality has a 12 month low of $37.61 and a 12 month high of $69.40.

Wall Street Analyst Weigh In

RICK has been the topic of a number of research analyst reports. HC Wainwright reissued a “buy” rating and set a $98.00 price objective 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 note on Monday, October 7th.

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.