Richardson Electronics, Ltd. (NASDAQ:RELL) declared a quarterly dividend on Thursday, January 11th, Wall Street Journal reports. Stockholders of record on Friday, February 9th will be given a dividend of 0.06 per share by the technology company on Thursday, February 22nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Thursday, February 8th.

Richardson Electronics (NASDAQ RELL) traded up $1.02 during mid-day trading on Thursday, hitting $7.95. 162,555 shares of the stock were exchanged, compared to its average volume of 35,032. Richardson Electronics has a one year low of $5.31 and a one year high of $8.20. The company has a market capitalization of $89.49, a price-to-earnings ratio of -24.09 and a beta of 0.74.

Richardson Electronics (NASDAQ:RELL) last announced its earnings results on Wednesday, January 10th. The technology company reported $0.01 earnings per share (EPS) for the quarter. Richardson Electronics had a negative net margin of 2.98% and a negative return on equity of 3.16%. The business had revenue of $39.08 million during the quarter.

COPYRIGHT VIOLATION NOTICE: This article was published by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was stolen and reposted in violation of international trademark and copyright laws. The correct version of this article can be accessed at https://www.americanbankingnews.com/2018/01/11/richardson-electronics-ltd-rell-plans-quarterly-dividend-of-0-06.html.

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.

Dividend History for Richardson Electronics (NASDAQ:RELL)

Receive News & Ratings for Richardson Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Richardson Electronics and related companies with MarketBeat.com's FREE daily email newsletter.