Richardson Electronics, Ltd. (NASDAQ:RELL) announced a quarterly dividend on Thursday, January 11th, Wall Street Journal reports. Shareholders of record on Friday, February 9th will be paid a dividend of 0.06 per share by the technology company on Thursday, February 22nd. This represents a $0.24 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Thursday, February 8th.
Shares of Richardson Electronics (NASDAQ:RELL) traded up $1.02 during trading on Thursday, reaching $7.95. 162,555 shares of the company’s stock traded hands, compared to its average volume of 35,032. Richardson Electronics has a twelve month low of $5.31 and a twelve month 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.
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.
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