Richardson Electronics, Ltd. to Issue Quarterly Dividend of $0.06 (NASDAQ:RELL)

Richardson Electronics, Ltd. (NASDAQ:RELL) declared a quarterly dividend on Wednesday, January 8th,Wall Street Journal reports. Shareholders of record on Friday, February 7th will be given a dividend of 0.06 per share by the technology company on Wednesday, February 26th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, February 7th.

Richardson Electronics Price Performance

Richardson Electronics stock opened at $12.86 on Thursday. Richardson Electronics has a 1 year low of $8.08 and a 1 year high of $15.51. The firm’s 50 day moving average price is $14.16 and its 200-day moving average price is $12.82. The stock has a market cap of $184.94 million, a P/E ratio of -257.20, a PEG ratio of 1.74 and a beta of 0.95.

Richardson Electronics (NASDAQ:RELL) last announced its quarterly earnings results on Tuesday, January 7th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Richardson Electronics had a negative net margin of 0.40% and a negative return on equity of 0.24%. As a group, equities analysts expect that Richardson Electronics will post 0.33 EPS for the current year.

Insider Buying and Selling

In other news, Director James Benham acquired 4,500 shares of Richardson Electronics stock in a transaction that occurred on Tuesday, October 15th. The shares were bought at an average cost of $13.29 per share, with a total value of $59,805.00. Following the transaction, the director now directly owns 13,706 shares of the company’s stock, valued at $182,152.74. This trade represents a 48.88 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 32.84% of the stock is owned by company insiders.

Richardson Electronics Company Profile

Richardson Electronics, Ltd. engages in the provision of engineered solutions, power grid and microwave tube, and related consumables worldwide. The Power and Microwave Technologies segment manufactures electron tubes and radio frequency (RF), microwave and power components used in semiconductor manufacturing equipment, RF, and wireless and industrial power applications, as well as various applications including broadcast transmission, CO2 laser cutting, diagnostic imaging, dielectric and induction heating, energy transfer, high voltage switching, plasma, power conversion, radar, and radiation oncology.