Richardson Electronics (RELL) Declares $0.054 Quarterly Class B Share Dividend; 2.7% Yield

April 11, 2018 5:05 PM EDT

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Richardson Electronics (NASDAQ: RELL) declared a quarterly dividend of $0.054 per Class B share, or $0.216 annualized.

The dividend will be payable on May 24, 2018, to stockholders of record on May 9, 2018, with an ex-dividend date of May 8, 2018.

The annual yield on the dividend is 2.7 percent.

“I am pleased to report an operating profit of $1.0 million for the third quarter of fiscal 2018 as compared to a $1.3 million operating loss in the third quarter of fiscal 2017,” said Edward J. Richardson, Chairman, Chief Executive Officer, and President. “All three of our business units performed well again in the third quarter. We are enjoying a favorable economy, our investments in our growth initiatives are starting to pay off and revenues generated from power grid tubes remain strong. With our new CT Tube in the final stages of testing and continued investment in new products, we remain optimistic about the future,” Mr. Richardson concluded.

For a dividend history and other dividend-related data on Richardson Electronics (RELL) click here.

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