Richardson Electronics, Ltd. Plans Quarterly Dividend of $0.06 (RELL)

Richardson Electronics, Ltd. (NASDAQ:RELL) announced a quarterly dividend on Thursday, April 6th. Shareholders of record on Tuesday, May 9th will be given a dividend of 0.06 per share by the technology company on Wednesday, May 24th. This represents a $0.24 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Friday, May 5th.

Shares of Richardson Electronics (NASDAQ:RELL) opened at 6.07 on Friday. Richardson Electronics has a 1-year low of $5.10 and a 1-year high of $7.24. The firm’s market capitalization is $77.99 million. The firm has a 50-day moving average of $5.94 and a 200-day moving average of $6.05.

Richardson Electronics (NASDAQ:RELL) last issued its quarterly earnings results on Wednesday, April 5th. The technology company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.09) by $0.02. The business had revenue of $32.31 million for the quarter. Richardson Electronics had a negative return on equity of 6.10% and a negative net margin of 6.12%. On average, equities research analysts anticipate that Richardson Electronics will post ($0.53) EPS for the current fiscal year.

Dividend History for Richardson Electronics (NASDAQ:RELL)

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About Richardson Electronics

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.

12 Month Chart for NASDAQ:RELL

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