Richardson Electronics Ltd. to Issue Quarterly Dividend of $0.06 (RELL)
Richardson Electronics Ltd. (NASDAQ:RELL) declared a quarterly dividend on Thursday, October 6th. Stockholders of record on Monday, November 7th will be given a dividend of 0.06 per share on Tuesday, November 22nd. This represents a $0.24 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Thursday, November 3rd.
Richardson Electronics (NASDAQ:RELL) traded down 7.95% on Thursday, hitting $6.37. The stock had a trading volume of 113,182 shares. The firm’s 50-day moving average price is $6.84 and its 200-day moving average price is $5.78. Richardson Electronics has a 1-year low of $4.71 and a 1-year high of $7.24. The firm’s market cap is $81.81 million.
Richardson Electronics (NASDAQ:RELL) last posted its earnings results on Wednesday, October 5th. The company reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $0.17. The company had revenue of $33.40 million for the quarter. Richardson Electronics had a negative return on equity of 4.68% and a negative net margin of 4.76%. On average, equities research analysts predict that Richardson Electronics will post ($0.44) earnings per share for the current year.
Separately, TheStreet upgraded Richardson Electronics from a “sell” rating to a “hold” rating in a research report on Thursday, August 25th.
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.
Receive News & Stock Ratings for Richardson Electronics Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Richardson Electronics Ltd. and related stocks with our FREE daily email newsletter.