HOUSTON, Feb. 20, 2020 /PRNewswire/ -- RCI
Hospitality Holdings, Inc. (Nasdaq: RICK) today announced it has
increased the company's annual cash dividend by 7.7%, to
$0.14 from $0.13 per share, with the declaration of a
quarterly cash dividend of $0.04 per
common share for the Fiscal 2020 second quarter ending March 31, 2020.
RCI's $0.14 per share annual
dividend is expected to be paid as follows:
- $0.03 for the first quarter ended
December 31, 2019 (previously
declared)
- $0.04 for the second quarter
ending March 31, 2020 (declared
today)
- $0.03 for the third fiscal
quarter ending June 30, 2020 (to be
declared)
- $0.04 for the fourth fiscal
quarter ending September 30, 2020 (to
be declared)
The 2Q20 dividend is payable March 25,
2020, to holders of record March 10,
2020, with an ex-dividend date of March 9, 2020.
This marks RCI's second annual dividend increase and its
17th consecutive quarterly cash dividend paid.
About RCI Hospitality Holdings, Inc. (Nasdaq: RICK)
With more than 40 units, RCI Hospitality Holdings, Inc., through
its subsidiaries, is the country's leading company in 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 Club, Tootsie's Cabaret, and Scarlett's Cabaret. Sports
bars/restaurants operate under the brand name Bombshells Restaurant
& Bar. Please visit http://www.rcihospitality.com/
Forward-Looking Statements
This press release may contain forward-looking statements that
involve a number of risks and uncertainties that could cause the
company's actual results to differ materially from those indicated
in this press release, including, but not limited to, the risks and
uncertainties associated with (i) operating and managing an adult
business, (ii) the business climates in cities where it operates,
(iii) the success or lack thereof in launching and building the
company's businesses, (iv) cyber security, (v) conditions relevant
to real estate transactions, (vi) our ability to regain and
maintain compliance with the filing requirements of the SEC and the
Nasdaq Stock Market, and (vii) numerous other factors such as laws
governing the operation of adult entertainment businesses,
competition and dependence on key personnel. The company has no
obligation to update or revise the forward-looking statements to
reflect the occurrence of future events or circumstances.
Media & Investor Contacts
Gary Fishman and Steven Anreder at 212-532-3232 or
gary.fishman@anreder.com and steven.anreder@anreder.com
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SOURCE RCI Hospitality Holdings, Inc.