Richardson Electronics, Ltd. (NASDAQ:RELL) Declares $0.06 Quarterly Dividend
Richardson Electronics, Ltd. (NASDAQ:RELL) announced a quarterly dividend on Thursday, July 20th, Wall Street Journal reports. Stockholders of record on Monday, August 7th will be paid a dividend of 0.06 per share by the technology company on Thursday, August 24th. This represents a $0.24 annualized dividend and a dividend yield of 4.09%. The ex-dividend date is Thursday, August 3rd.
Shares of Richardson Electronics (NASDAQ RELL) traded down 2.33% during midday trading on Thursday, hitting $5.87. The stock had a trading volume of 13,822 shares. The company’s market capitalization is $75.42 million. Richardson Electronics has a one year low of $5.56 and a one year high of $7.24. The firm’s 50-day moving average is $5.98 and its 200 day moving average is $6.03.
Richardson Electronics (NASDAQ:RELL) last announced its quarterly earnings results on Wednesday, July 19th. The technology company reported ($0.01) earnings per share (EPS) for the quarter. Richardson Electronics had a negative return on equity of 5.11% and a negative net margin of 5.00%. The business had revenue of $37.36 million during the quarter. Equities analysts expect that Richardson Electronics will post ($0.53) earnings per share for the current fiscal year.
Richardson Electronics Company Profile
Richardson Electronics, Ltd. is a provider of engineered solutions, power grid and microwave tubes, and related consumables; power conversion, and radio frequency (RF) and microwave components; high value displays, flat panel detector solutions and replacement parts for diagnostic imaging equipment, and customized display solutions.
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