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

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 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Friday, February 7th.

Richardson Electronics Trading Down 11.9 %

Richardson Electronics stock traded down $1.76 during mid-day trading on Wednesday, reaching $12.98. The company had a trading volume of 155,524 shares, compared to its average volume of 77,580. The company has a market cap of $186.67 million, a P/E ratio of -259.60, a P/E/G ratio of 1.74 and a beta of 0.95. The business has a fifty day simple moving average of $14.18 and a 200 day simple moving average of $12.82. Richardson Electronics has a fifty-two week low of $8.08 and a fifty-two week high of $15.51.

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

Insider Activity at Richardson Electronics

In other Richardson Electronics news, Director James Benham purchased 4,500 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were purchased at an average cost of $13.29 per share, with a total value of $59,805.00. Following the completion of the purchase, the director now owns 13,706 shares in the company, valued at $182,152.74. This represents a 48.88 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 32.84% of the stock is currently owned by company insiders.

About Richardson Electronics

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.