Richardson Electronics, Ltd. (RELL) to Issue $0.06 Quarterly Dividend
Richardson Electronics, Ltd. (NASDAQ:RELL) declared a quarterly dividend on Thursday, October 12th, Wall Street Journal reports. Investors of record on Tuesday, November 7th will be paid a dividend of 0.06 per share by the technology company on Wednesday, November 22nd. This represents a $0.24 annualized dividend and a yield of 3.56%. The ex-dividend date is Monday, November 6th.
Shares of Richardson Electronics (NASDAQ RELL) traded up 12.50% on Thursday, reaching $6.75. 233,865 shares of the company traded hands. Richardson Electronics has a 52-week low of $5.31 and a 52-week high of $6.75. The stock’s market cap is $86.72 million. The stock has a 50 day moving average of $5.79 and a 200 day moving average of $5.88.
Richardson Electronics (NASDAQ:RELL) last announced its quarterly earnings results on Wednesday, July 19th. The technology company reported ($0.01) EPS for the quarter. The firm had revenue of $37.36 million during the quarter. Richardson Electronics had a negative net margin of 5.06% and a negative return on equity of 5.18%. On average, analysts expect that Richardson Electronics will post ($0.30) earnings per share for the current year.
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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