RF Industries, Ltd. (RFIL) Announces $0.02 Quarterly Dividend
RF Industries, Ltd. (NASDAQ:RFIL) announced a quarterly dividend on Tuesday, September 12th, NASDAQ reports. Shareholders of record on Saturday, September 30th will be paid a dividend of 0.02 per share by the electronics maker on Sunday, October 15th. This represents a $0.08 annualized dividend and a yield of 4.00%. The ex-dividend date is Thursday, September 28th.
Shares of RF Industries (NASDAQ:RFIL) traded up 5.00% during mid-day trading on Wednesday, reaching $2.10. 48,017 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $1.84 and a 200 day moving average price of $1.68. RF Industries has a 12-month low of $1.40 and a 12-month high of $2.15. The firm’s market capitalization is $18.55 million.
RF Industries (NASDAQ:RFIL) last issued its earnings results on Tuesday, September 12th. The electronics maker reported $0.02 EPS for the quarter. The business had revenue of $7.81 million for the quarter. RF Industries had a negative net margin of 12.47% and a negative return on equity of 8.56%. Analysts anticipate that RF Industries will post $0.20 EPS for the current fiscal year.
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In other RF Industries news, Director William Reynolds sold 16,763 shares of the company’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $1.92, for a total value of $32,184.96. Following the transaction, the director now directly owns 68,870 shares in the company, valued at approximately $132,230.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.00% of the stock is owned by corporate insiders.
RF Industries Company Profile
RF Industries, Ltd. is engaged in the design, manufacture and marketing of interconnect products and systems, including coaxial and specialty cables, fiber optic cables and connectors, and electrical and electronic specialty cables. It operates through two segments: RF Connector and Cable Assembly, which consists of Connector and Cable Assembly Division, and the Custom Cabling Manufacturing and Assembly, which consists of subsidiaries, including Cables Unlimited, Inc (Cables Unlimited,) Comnet Telecom Supply, Inc (Comnet) and Rel-Tech Electronics, Inc (Rel-Tech).
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