RCI Increases Quarterly Cash Dividend by 16.7%
Rhea-AI Summary
RCI Hospitality Holdings, Inc. (Nasdaq: RICK) has announced a 16.7% increase in its quarterly cash dividend for the fiscal 2024 fourth quarter ending September 30, 2024. The dividend has been raised from $0.06 to $0.07 per common share. This increased dividend will be payable on September 30, 2024, to shareholders of record as of the close of business on September 16, 2024. This move demonstrates the company's confidence in its financial position and commitment to returning value to shareholders.
Positive
- Quarterly dividend increased by 16.7% to $0.07 per share
- Demonstrates company confidence in financial position
- Increased return of value to shareholders
Negative
- None.
News Market Reaction – RICK
In the trading session that priced this news, RICK declined 3.66%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
About RCI Hospitality Holdings, Inc. (Nasdaq: RICK) (X: @RCIHHinc)
With more than 60 locations, RCI Hospitality Holdings, Inc., through its subsidiaries, is the country's leading company in adult nightclubs and sports bars/restaurants. See all our brands at www.rcihospitality.com.
Media & Investor Contacts
Gary Fishman and Steven Anreder at 212-532-3232 or gary.fishman@anreder.com and steven.anreder@anreder.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/rci-increases-quarterly-cash-dividend-by-16-7-302236613.html
SOURCE RCI Hospitality Holdings, Inc.