Richardson Electronics Ltd. (RELL) Plans Quarterly Dividend of $0.06
Richardson Electronics (NASDAQ:RELL) declared a quarterly dividend on Wednesday, October 9th, AnalystRatingsNetwork reports. Stockholders of record on Friday, November 8th will be given a dividend of $0.06 per share on Tuesday, November 26th. This represents a $0.24 dividend on an annualized basis and a yield of 2.17%.
Richardson Electronics (NASDAQ:RELL) traded down 0.54% on Wednesday, hitting $11.08. The stock had a trading volume of 24,170 shares. Richardson Electronics has a 52-week low of $10.61 and a 52-week high of $12.48. The stock’s 50-day moving average is $11.25 and its 200-day moving average is $11.62. The company has a market cap of $161.8 million and a price-to-earnings ratio of 139.25.
Richardson Electronics (NASDAQ:RELL) last announced its earnings results on Wednesday, October 9th. The company reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $34.30 million for the quarter, compared to the consensus estimate of $35.70 million.
Richardson Electronics, Ltd. is a provider of engineered solutions, power grid and microwave tubes and related components, and customized displays solutions, serving customers in the alternative energy, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets.
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