Richardson Electronics, Ltd. (RELL) To Go Ex-Dividend on November 6th

Richardson Electronics, Ltd. (NASDAQ:RELL) declared a quarterly dividend on Tuesday, October 6th. Shareholders of record on Friday, November 6th will be paid a dividend of $0.06 per share by the technology company on Wednesday, November 25th. This represents a $0.24 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, November 6th.

Richardson Electronics has a dividend payout ratio of 43.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Richardson Electronics to earn $0.94 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 25.5%.

Richardson Electronics Trading Up 6.0%

NASDAQ:RELL opened at $20.67 on Wednesday. The company has a 50-day moving average price of $18.28 and a 200-day moving average price of $15.85. Richardson Electronics has a 12 month low of $9.37 and a 12 month high of $23.15. The stock has a market cap of $307.57 million, a price-to-earnings ratio of 36.11, a P/E/G ratio of 1.00 and a beta of 1.28.

Richardson Electronics (NASDAQ:RELL) last announced its earnings results on Wednesday, October 7th. The technology company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.18. Richardson Electronics had a net margin of 3.57% and a return on equity of 4.82%. The firm had revenue of $64.92 million for the quarter, compared to analyst estimates of $58.98 million. Equities analysts forecast that Richardson Electronics will post 0.78 EPS for the current fiscal year.

Richardson Electronics Company Profile

Richardson Electronics Ltd. (NASDAQ: RELL) is a global provider of engineered solutions, electronic components and replacement parts for specialized industrial and healthcare applications. The company serves original equipment manufacturers, government agencies, medical facilities, distributors and other commercial customers through its product portfolio and technical support services.

Its Power and Microwave Technologies business supplies components and systems used in power conversion, renewable energy, semiconductor manufacturing, aerospace and defense, telecommunications, and other industrial markets.