RCI Declares Regular Quarterly Cash Dividend on Common Stock

HOUSTON – November 15, 2018 – RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced it has declared a regular quarterly cash dividend of $0.03 per common share for the Fiscal 2019 first quarter ending December 31, 2018 as part of RCI's $0.12 per share annual cash dividend. The 1Q19 dividend is payable December 26, 2018, to holders of record December 10, 2018, with an ex-dividend date of December 7, 2018. This marks the 12th consecutive quarterly cash dividend paid by RCI.

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

With more than 40 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, Charlotte, Dallas/Ft. Worth, Houston, Minneapolis, St. Louis, and other markets 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.

Media & Investor Contacts

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