Dividends
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Richardson Electronics (RELL) Reports Mixed Q2 Results; Authorizes A $12.6M Buyback And 2c Dividend
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Richardson Electronics (Nasdaq: RELL) reports Q2 EPS of $0.31, versus the analyst estimate of $0.19. Revenue for the quarter was $132.6 million, versus the consensus of $142.47 million.
On January 6, 2009, Richardson Electronic's Board of Directors approved a share repurchase program authorizing the Company to purchase up to $12.6 million of its outstanding common stock.
The Company today also announced that its Board of Directors voted to declare a $0.02 cash dividend per share to all holders of common stock and a $0.018 cash dividend per share to all holders of Class B common stock. The dividend will be payable on February 20, 2009, to all common stockholders of record on February 11, 2009.
The ex-dividend date is February 9th. To receive the dividend, you need to own the stock the day prior to the ex-dividend date.
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Richardson Electronics, Ltd. provides engineered solutions and distributes electronic components to the radio frequency (RF), wireless and power conversion, electron device, and display systems markets worldwide.
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