Richardson Electronics, Ltd. (RELL) To Go Ex-Dividend on February 7th

Richardson Electronics, Ltd. (NASDAQ:RELL) announced a quarterly dividend on Tuesday, January 7th,Wall Street Journal reports. Stockholders of record on Friday, February 7th will be given 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 1.87%. The ex-dividend date of this dividend is Friday, February 7th.

Richardson Electronics Trading Down 12.8 %

NASDAQ RELL traded down $1.88 on Thursday, hitting $12.86. 178,853 shares of the company’s stock were exchanged, compared to its average volume of 83,631. Richardson Electronics has a 52 week low of $8.08 and a 52 week high of $15.51. The stock has a 50-day moving average of $14.16 and a 200-day moving average of $12.82. The stock has a market cap of $184.94 million, a price-to-earnings ratio of -257.20, a P/E/G ratio of 1.74 and a beta of 0.95.

Richardson Electronics (NASDAQ:RELL) last posted its quarterly earnings data on Tuesday, January 7th. The technology company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates 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, analysts predict that Richardson Electronics will post 0.33 earnings per share for the current year.

Insider Activity at Richardson Electronics

In related news, Director James Benham purchased 4,500 shares of Richardson Electronics stock in a transaction that occurred on Tuesday, October 15th. The shares were acquired at an average cost of $13.29 per share, for a total transaction of $59,805.00. Following the transaction, the director now directly owns 13,706 shares in the company, valued at $182,152.74. The trade was a 48.88 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 32.84% of the stock is owned by company insiders.

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.