RCI Increases Quarterly Cash Dividend From $0.06 To $0.07 Per Share
Portfolio Pulse from Benzinga Newsdesk
RCI Hospitality Holdings, Inc. (NASDAQ:RICK) has announced a 16.7% increase in its quarterly cash dividend, raising it from $0.06 to $0.07 per share for the fiscal 2024 fourth quarter. The dividend is payable on September 30, 2024, to shareholders of record as of September 16, 2024.
September 03, 2024 | 1:16 pm
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POSITIVE IMPACT
RCI Hospitality Holdings has increased its quarterly dividend by 16.7%, signaling confidence in its financial health and potentially attracting income-focused investors.
The increase in the dividend suggests that RCI Hospitality Holdings is confident in its cash flow and financial stability. This move is likely to be viewed positively by investors, particularly those focused on income, as it provides a higher yield. The announcement could lead to a short-term increase in the stock price as it may attract more investors looking for dividend income.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100