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

Richardson Electronics, Ltd. (NASDAQ:RELL) declared a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Friday, August 7th will be given a dividend of 0.06 per share by the technology company on Wednesday, August 26th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 7th.

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 Price Performance

RELL stock opened at $18.01 on Thursday. The company has a market cap of $262.23 million, a P/E ratio of 66.71, a price-to-earnings-growth ratio of 1.76 and a beta of 1.26. Richardson Electronics has a 1 year low of $9.37 and a 1 year high of $19.86. The stock’s fifty day moving average price is $17.29 and its 200-day moving average price is $14.07.

Richardson Electronics (NASDAQ:RELL) last posted its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.14. Richardson Electronics had a return on equity of 2.83% and a net margin of 1.75%.The company had revenue of $66.20 million during the quarter, compared to analysts’ expectations of $55.37 million. As a group, analysts expect that Richardson Electronics will post 0.25 earnings per share 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.