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

Posted by Hanz Christensen on Feb 5th, 2025

Richardson Electronics, Ltd. (NASDAQ:RELL – Get Free Report) declared a quarterly dividend on Tuesday, January 7th,Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Friday, February 7th.

Richardson Electronics Stock Performance

RELL stock opened at $13.30 on Wednesday. The company has a market capitalization of $191.65 million, a P/E ratio of 443.48, a price-to-earnings-growth ratio of 1.92 and a beta of 0.93. Richardson Electronics has a 52-week low of $8.08 and a 52-week high of $15.51. The business has a 50-day simple moving average of $13.82 and a two-hundred day simple moving average of $13.00.

Richardson Electronics (NASDAQ:RELL – Get Free Report) last released its quarterly earnings results on Tuesday, January 7th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Richardson Electronics had a net margin of 0.13% and a return on equity of 0.42%. As a group, sell-side analysts forecast that Richardson Electronics will post 0.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Northland Capmk downgraded Richardson Electronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 13th. Northland Securities restated a “market perform” rating on shares of Richardson Electronics in a research note on Monday, January 13th.

Check Out Our Latest Research Report on RELL

Richardson Electronics Company Profile

(Get Free Report)

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.