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RCI Announces 31st Consecutive Quarterly Cash Dividend

HOUSTON – August 30, 2023 – RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced today it has declared a quarterly cash dividend of $0.06 per common share for the fiscal 2023 fourth quarter ending September 30, 2023. The 4Q23 dividend is payable September 29, 2023 to holders of record September 15, 2023 with an ex-dividend date of September 14, 2023. This marks RCI's 31st consecutive quarterly cash dividend.

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

With more than 60 locations, RCI Hospitality Holdings, Inc., through its subsidiaries, is the country's leading company in adult nightclubs and sports bars/restaurants. See all our brands at www.rcihospitality.com.

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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