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

Richardson Electronics, Ltd. (NASDAQ:RELL) announced a quarterly dividend on Wednesday, January 8th,Wall Street Journal reports. Shareholders 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 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, February 7th.

Richardson Electronics Trading Down 11.9 %

Shares of RELL stock traded down $1.76 during trading on Wednesday, reaching $12.98. 155,524 shares of the company’s stock traded hands, compared to its average volume of 77,580. The firm’s 50-day moving average is $14.18 and its 200 day moving average is $12.82. The company has a market capitalization of $186.67 million, a P/E ratio of -259.60, a PEG ratio of 1.74 and a beta of 0.95. Richardson Electronics has a 1 year low of $8.08 and a 1 year high of $15.51.

Richardson Electronics (NASDAQ:RELL) last issued its earnings results on Tuesday, January 7th. The technology company reported ($0.05) EPS 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%. As a group, sell-side analysts predict that Richardson Electronics will post 0.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Richardson Electronics

In other Richardson Electronics news, Director James Benham purchased 4,500 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were purchased at an average cost of $13.29 per share, with a total value of $59,805.00. Following the completion of the purchase, the director now owns 13,706 shares of the company’s stock, valued at $182,152.74. The trade was a 48.88 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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.