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

Richardson Electronics, Ltd. (NASDAQ:RELL) announced a quarterly dividend on Wednesday, January 8th,Wall Street Journal reports. Stockholders 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 dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, February 7th.

Richardson Electronics Stock Down 12.8 %

Shares of NASDAQ:RELL opened at $12.86 on Thursday. The business’s 50 day moving average is $14.16 and its 200 day moving average is $12.82. The stock has a market cap of $184.94 million, a P/E ratio of -257.20, a price-to-earnings-growth ratio of 1.74 and a beta of 0.95. Richardson Electronics has a 52-week low of $8.08 and a 52-week high of $15.51.

Richardson Electronics (NASDAQ:RELL) last posted 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 return on equity of 0.24% and a negative net margin of 0.40%. On average, sell-side analysts anticipate that Richardson Electronics will post 0.33 EPS for the current fiscal year.

Insider Buying and Selling at Richardson Electronics

In related news, Director James Benham bought 4,500 shares of the stock in a transaction on Tuesday, October 15th. The stock was bought at an average price of $13.29 per share, for a total transaction of $59,805.00. Following the completion of the acquisition, the director now directly owns 13,706 shares in the company, valued at approximately $182,152.74. This represents a 48.88 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 32.84% of the company’s stock.

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.