Richardson Electronics, Ltd. (RELL) To Go Ex-Dividend on May 8th

Richardson Electronics, Ltd. (NASDAQ:RELL) announced a quarterly dividend on Tuesday, April 7th. Shareholders of record on Friday, May 8th will be paid a dividend of 0.06 per share by the technology company on Wednesday, May 27th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, May 8th.

Richardson Electronics has a dividend payout ratio of 43.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Richardson Electronics to earn $0.39 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 61.5%.

Richardson Electronics Stock Performance

Shares of RELL opened at $14.69 on Wednesday. Richardson Electronics has a 1 year low of $8.66 and a 1 year high of $15.34. The stock has a market capitalization of $213.89 million, a PE ratio of 54.41, a PEG ratio of 2.29 and a beta of 1.24. The stock has a 50-day simple moving average of $12.39 and a 200-day simple moving average of $11.54.

Richardson Electronics (NASDAQ:RELL) last released its earnings results on Wednesday, April 8th. The technology company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. Richardson Electronics had a net margin of 1.75% and a return on equity of 2.83%. The firm had revenue of $55.47 million for the quarter, compared to analyst estimates of $53.13 million. Analysts predict that Richardson Electronics will post 0.25 EPS for the current year.

About Richardson Electronics

Richardson Electronics, Ltd. (NASDAQ:RELL) is a global manufacturer, distributor and servicer of engineered components and subsystems for a diverse range of industrial, medical and scientific applications. The company specializes in vacuum electron devices, high-voltage power supplies and related electronic components, offering klystrons, traveling wave tubes, magnetrons, X-ray tubes, microwave amplifiers and power conversion products. Its solutions support customers in power grid management, semiconductor processing, medical imaging, scientific instrumentation and telecommunications.

In addition to its manufacturing capabilities, Richardson Electronics maintains a broad distribution network comprising thousands of standard and custom parts.