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Equity
9 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Equity

8. Equity

 

During the three and nine months ended June 30, 2020, the Company purchased and retired 0 and 465,390 common shares, respectively, at a cost of approximately $0 and $8.5 million, respectively. The Company paid $0.03 and $0.10 per share cash dividends during the three and nine months ended June 30, 2020 totaling approximately $273,000 and $920,000, respectively.

 

During the three and nine months ended June 30, 2019, the Company purchased and retired 17,302 and 102,113 common shares, respectively, at a cost of approximately $403,000 and $2.4 million, respectively. The Company paid a $0.03 per share cash dividend per quarter totaling approximately $285,000 and $867,000 for the three and nine months ended June 30, 2019, respectively.

 

On February 6, 2020, the Company’s Board of Directors authorized an additional $10.0 million to repurchase the Company’s common stock. As of August 7, 2020, the Company has $11.8 million remaining to purchase additional shares under its share repurchase program.

 

 

RCI HOSPITALITY HOLDINGS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)