RCI Hospitality Holdings, Inc. Declares Quarterly Cash Dividend for the Fiscal 2023 Second Quarter Ending March 31, 2023, Payable on March 29, 2023
February 28, 2023 at 09:00 am EST
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RCI Hospitality Holdings, Inc. announced it has increased its quarterly cash dividend by 20%, to $0.06 per share from $0.05, for the fiscal 2023 second quarter ending March 31, 2023. The 2Q23 dividend is payable March 29, 2023, to holders of record March 15, 2023, with an ex-dividend date of March 14, 2023.
RCI Hospitality Holdings, Inc. is a holding company, which operates through its subsidiaries. The Company is engaged in various activities in the hospitality and related businesses. The Companyâs all services and management operations are conducted by its subsidiaries, including RCI Management Services, Inc. It operates a total of 70 establishments, which offers live adult entertainment, including two that are under renovation/remodeling, and/or restaurant and bar operations, including one food hall. It also operates a business communications company serving the multi-billion-dollar adult nightclubs industry. The Company has three segments: Nightclubs, Bombshells and Other. Its Nightclubs portfolio includes a variety of brands and formats that target different customer demographics. Its nightclubs are located around the country in New York City, Chicago, Dallas-Fort Worth and others. Bombshells Restaurant & Bar is a military-themed casual dining chain with a focus on sports and fun.