RCI Declares Regular Quarterly Cash Dividend on Common Stock

HOUSTON – May 20, 2019 – 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 third quarter ending June 30, 2019 as part of RCI's $0.12 per share annual cash dividend. The 3Q19 dividend is payable June 25, 2019, to holders of record June 10, 2019, with an ex-dividend date of June 7, 2019. This marks the 14th 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, 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

Media & Investor Contacts

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