RCI Hospitality Holdings, Inc. Announces Regular Quarterly Common Stock Cash Dividend

HOUSTON – February 10, 2016 – RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced that its Board of Directors declared a regular quarterly cash dividend of $0.03 per share on its common stock for the fiscal 2016 second quarter ending March 31, 2016.

The dividend is payable on March 25, 2016, to holders of record on March 10, 2016, with an ex-dividend date of March 8, 2016.

“We are pleased to start instituting a quarterly cash dividend policy at the rate of $0.12 annually,” said Eric Langan, President and CEO. “This is part of our program of returning capital to shareholders.”

The dividend was first announced and officially declared yesterday, February 9, in the company’s fiscal 2016 first quarter earnings news release.

About RCI Hospitality Holdings, Inc. (Nasdaq: RICK)

With 43 units, RCI Hospitality Holdings, Inc., through its subsidiaries, is the country’s leading company in adult gentlemen clubs and sports bars/restaurants. Adult clubs in New York City, Miami, Philadelphia, Charlotte, Dallas/Ft. Worth, Houston, Minneapolis, Indianapolis and other cities operate under brand names, such as “Rick's Cabaret,” “XTC,” “Club Onyx,” “Vivid Cabaret,” “Jaguars” and “Tootsie’s Cabaret.” Sports bars/restaurants operate under the brand name “Bombshells.” Please visit http://www.rcihospitality.com

Media & Investor Contacts

Gary Fishman and Steven Anreder at 212-532-3232 or [email protected]  and [email protected]