RCI Declares Regular Quarterly Cash Dividend on Common Stock

HOUSTON – August 16, 2017 – RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced it has declared a regular quarterly cash dividend of $0.03 per common share for the Fiscal 2017fourth quarter ending September 30, 2017 as part of RCI’s $0.12 per share annual cash dividend.The4Q17dividend is payable September 25, 2017, to holders of record September 11, 2017, with an ex-dividend date of September 8, 2017.This marks the seventh consecutive quarterly cash dividend paid by RCI.

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

With 45 units, RCI Hospitality Holdings, Inc., through its subsidiaries, is the country’s leading company in gentlemen’s clubs and sports bars/restaurants. Clubs in New York City, Miami, Philadelphia, Charlotte, Dallas/Ft. Worth, Houston, Minneapolis and other cities operate under brand names, such as Rick's Cabaret,XTC,Club Onyx,Vivid Cabaret,Jaguars,Tootsie’s Cabaret, and Scarlett’s Cabaret. Sports bars/restaurants operate under the brand name Bombshells Restaurant & Bar. Please visit http://www.rcihospitality.com/

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