Richardson Electronics, Ltd. (RELL) Position Cut by Bank of New York Mellon Corp
Bank of New York Mellon Corp decreased its position in Richardson Electronics, Ltd. (NASDAQ:RELL) by 3.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,161 shares of the technology company’s stock after selling 1,279 shares during the period. Bank of New York Mellon Corp owned approximately 0.26% of Richardson Electronics worth $198,000 at the end of the most recent quarter.
Separately, Marquette Asset Management Inc. lifted its holdings in Richardson Electronics by 9.5% in the second quarter. Marquette Asset Management Inc. now owns 50,378 shares of the technology company’s stock valued at $301,000 after buying an additional 4,363 shares during the period. 48.92% of the stock is owned by institutional investors.
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Richardson Electronics, Ltd. (NASDAQ RELL) opened at $6.73 on Friday. Richardson Electronics, Ltd. has a fifty-two week low of $5.31 and a fifty-two week high of $6.88.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Tuesday, November 7th will be issued a $0.06 dividend. The ex-dividend date is Monday, November 6th. This represents a $0.24 annualized dividend and a yield of 3.57%. Richardson Electronics’s payout ratio is -72.73%.
Richardson Electronics Company Profile
Richardson Electronics, Ltd. is a provider of engineered solutions, power grid and microwave tubes, and related consumables; power conversion, and radio frequency (RF) and microwave components; high value displays, flat panel detector solutions and replacement parts for diagnostic imaging equipment, and customized display solutions.
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