RCI Hospitality (RICK) hikes dividend by 16.7% in 2024 🔔
Another double digit increase by the adult nightclub owner
RCI Hospitality Holdings, Inc. (RICK) will hike its quarterly dividend by 16.7% to 7 cents per share. This is the fourth double digit hike in the last five years by the nightclubs and sports bars owner. Last year RICK hiked the dividend by 20%.
The next RICK dividend will be payable on September 30, 2024, to holders of record at the close of business on September 16, 2024. A new annual dividend rate of 28 cents per share yields 0.6% at a stock price of $44.81.
RCI Hospitality Holdings, Inc., through its subsidiaries, operates gentlemen's clubs and sports bars/restaurants. Clubs in New York City, Chicago, Dallas/Ft. Worth, Houston, Miami, Minneapolis, St. Louis, Charlotte, Pittsburgh, and other markets operate under brand names, such as Rick's Cabaret, XTC, Club Onyx, Vivid Cabaret, Jaguars, Tootsie's Cabaret, and Scarlett's Cabaret. Sports bars/restaurants operate under the brand name Bombshells Restaurant & Bar. The company went public in 1995 an has paid a quarterly dividend since 2016.
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