HOUSTON, June 8, 2020 /PRNewswire/ -- RCI Hospitality
Holdings, Inc. (Nasdaq: RICK) today announced it has declared a
regular quarterly cash dividend of $0.03 per common share for the Fiscal 2020 third
quarter ending June 30, 2020, the
same amount as for the year ago third quarter. The 3Q20 dividend is
payable June 29, 2020, to holders of
record June 18, 2020, with an
ex-dividend date of June 17, 2020.
This marks RCI's 18th consecutive quarterly cash dividend paid.
The company also announced a total of 37 subsidiary club and
restaurant locations are now open with the continued easing of
COVID-19 pandemic related restrictions.
Texas: All clubs and
Bombshells restaurants are open at 50% indoor occupancy and no
restrictions on Bombshells outdoor patios. Some clubs are also
expanding hours to include lunch and opening earlier in the
evening. Based on the latest state announcement, restaurants can
expand to 75% occupancy later this week. RCI subsidiaries have 23
clubs and 10 Bombshells in Texas.
Outside Texas: On
Friday, June 5, Rick's Cabaret
Pittsburgh reopened to 50% occupancy, Temptations Cabaret in
Sulphur, LA reopened to 25%
occupancy, and Scarlett's Cabaret St. Louis reopened its new
outdoor patio with no occupancy restrictions, making it the first
outdoor club of its kind. Jaguars Club in Phoenix continues at 50% occupancy after
reopening May 22. Based on the latest
state announcement in Minnesota,
bars can open to 50% occupancy later this week. RCI subsidiaries
own three clubs in Minneapolis.
Eric Langan, RCI President
& CEO, said: "Sales have been very good at this stage from
reopenings as well as from opened locations that have been able to
expand occupancy, while locations continue to follow all required
practices for the health and well-being of staff and guests. We are
hopeful we will be able to reopen more clubs in other
municipalities as restrictions are lifted. As they do, and as open
locations are allowed to expand their business, we continue to look
forward to returning to profitability."
Forward-Looking Statements
This press release may contain forward-looking statements that
involve a number of risks and uncertainties that could cause the
company's actual results to differ materially from those indicated
in this press release, including, but not limited to, the risks and
uncertainties associated with (i) operating and managing an adult
business, (ii) the business climates in cities where it operates,
(iii) the success or lack thereof in launching and building the
company's businesses, (iv) cyber security, (v) conditions relevant
to real estate transactions, (vi) our ability to maintain
compliance with the filing requirements of the SEC and the Nasdaq
Stock Market, (vii) the impact and uncertainty of the coronavirus
pandemic, and (viii) numerous other factors such as laws governing
the operation of adult entertainment businesses, competition and
dependence on key personnel. For more detailed discussion of such
factors and certain risks and uncertainties, see RCI's annual
report on Form 10-K for the year ended September 30, 2019 and its latest Form 10-Q as
well as its other filings with the U.S. Securities and Exchange
Commission. The company has no obligation to update or revise the
forward-looking statements to reflect the occurrence of future
events or circumstances.
Media & Investor Contacts
Gary Fishman and Steven Anreder at 212-532-3232 or
gary.fishman@anreder.com and steven.anreder@anreder.com
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SOURCE RCI Hospitality Holdings, Inc.