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

Posted by Stephan Jacobs on Feb 5th, 2025

Richardson Electronics, Ltd. (NASDAQ:RELL – Get Free Report) declared 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 1.80%. The ex-dividend date of this dividend is Friday, February 7th.

Richardson Electronics Stock Performance

Richardson Electronics stock opened at $13.30 on Wednesday. The stock has a market cap of $191.65 million, a P/E ratio of 443.48, a PEG ratio of 1.92 and a beta of 0.93. Richardson Electronics has a fifty-two week low of $8.08 and a fifty-two week high of $15.51. The firm’s fifty day moving average price is $13.82 and its 200-day moving average price is $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 for the quarter, missing the consensus estimate of ($0.02) by ($0.03). Richardson Electronics had a return on equity of 0.42% and a net margin of 0.13%. Sell-side analysts predict that Richardson Electronics will post 0.28 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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About Richardson Electronics

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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.