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Benzinga
Benzinga
Business
Shivani Kumaresan

RCI Hospitality Hikes Dividend By 25%

RCI
  • RCI Hospitality Holdings Inc (NASDAQ:RICK) has increased its quarterly cash dividend by 25%, to $0.05 per share from $0.04 for Q2 FY22.
  • The dividend establishes a new annualized rate of $0.20 per share and marks the company's 25th consecutive quarterly cash dividend. 
  • The dividend is payable March 29, 2022, to holders of record March 15, 2022.
  • RCI held $17.9 million in cash and equivalents as of December 31, 2021.
  • Price Action: RICK shares are trading lower by 2.68% at $65.02 on the last check Monday.
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