RCI Hospitality Boosts Investor Sentiments With 17% Dividend Hike

RCI Hospitality Holdings, Inc. (RICK) has rewarded investors with a 16.7% hike in its quarterly cash dividend. The board of directors approved a quarterly dividend payout of 7 cents per share (28 cents per share annually), up from the previous dividend payout of 6 cents per share (24 cents per share annually). The amount will be paid out on Sep. 30, 2024, to shareholders of record as of Sep. 16. Based on the closing price of $43.92 per share on Sep. 3, the stock has a dividend yield of 0.6%. RCI Hospitality ...