RELM Wireless Co. Plans Quarterly Dividend of $0.02 (RWC)
RELM Wireless Co. (NYSE:RWC) announced a quarterly dividend on Friday, June 16th, Wall Street Journal reports. Shareholders of record on Friday, June 30th will be given a dividend of 0.02 per share on Monday, July 17th. This represents a $0.08 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Wednesday, June 28th.
RELM Wireless (NYSE:RWC) traded up 9.59% during mid-day trading on Friday, reaching $4.00. 18,902 shares of the company’s stock were exchanged. RELM Wireless has a 12 month low of $3.60 and a 12 month high of $5.83. The stock has a 50-day moving average of $4.58 and a 200-day moving average of $4.92. The firm has a market cap of $55.18 million and a price-to-earnings ratio of 68.97.
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Separately, TheStreet downgraded shares of RELM Wireless from a “b” rating to a “c” rating in a research note on Monday.
About RELM Wireless
RELM Wireless Corporation (RELM) provides two-way radio communications equipment. RELM designs, manufactures and markets wireless communications products consisting of two-way land mobile radios, repeaters, base stations, and related components and subsystems. Two-way land mobile radios include units that are hand-held (portable) or installed in vehicles (mobile).
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