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

Richardson Electronics, Ltd. (NASDAQ:RELL) announced a quarterly dividend on Tuesday, January 7th,Wall Street Journal reports. Stockholders of record on Friday, February 7th will be paid 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 is Friday, February 7th.

Richardson Electronics Stock Down 12.8 %

NASDAQ:RELL traded down $1.88 on Thursday, reaching $12.86. The company’s stock had a trading volume of 178,853 shares, compared to its average volume of 83,631. Richardson Electronics has a 12-month low of $8.08 and a 12-month high of $15.51. The stock has a 50 day moving average price of $14.16 and a 200 day moving average price of $12.82. The firm has a market cap of $184.94 million, a price-to-earnings ratio of -257.20, a price-to-earnings-growth ratio of 1.74 and a beta of 0.95.

Richardson Electronics (NASDAQ:RELL) last issued its earnings results on Tuesday, January 7th. The technology company reported ($0.05) earnings per share for the quarter, missing the consensus estimate 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%. Equities research analysts expect that Richardson Electronics will post 0.33 EPS for the current fiscal year.

Insider Buying and Selling

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

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.