Richardson Electronics, Ltd. (RELL) to Distribute Quarterly Dividend of $0.06 on August 26th

Richardson Electronics, Ltd. (NASDAQ:RELL) declared a quarterly dividend on Tuesday, July 21st. 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 1.1%. The ex-dividend date of this dividend is Friday, August 7th.

Richardson Electronics has a payout ratio of 43.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Richardson Electronics to earn $0.74 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 32.4%.

Richardson Electronics Trading Up 8.8%

Shares of Richardson Electronics stock opened at $21.38 on Wednesday. Richardson Electronics has a 12 month low of $9.37 and a 12 month high of $23.15. The stock has a 50 day moving average of $17.64 and a 200 day moving average of $14.59. The firm has a market cap of $311.29 million, a PE ratio of 48.59, a PEG ratio of 1.56 and a beta of 1.28.

Richardson Electronics (NASDAQ:RELL) last posted its earnings results on Wednesday, July 22nd. The technology company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.14. Richardson Electronics had a net margin of 2.79% and a return on equity of 3.57%. The firm had revenue of $66.20 million for the quarter, compared to the consensus estimate of $55.37 million. As a group, equities research analysts forecast that Richardson Electronics will post 0.5 earnings per share for the current fiscal 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.