Richardson Electronics (RELL) Declares $0.06 Quarterly Dividend; 2.9% Yield

October 10, 2018 5:04 PM EDT

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Richardson Electronics (NASDAQ: RELL) declared a quarterly dividend of $0.06 per share, or $0.24 annualized.

The dividend will be payable on November 21, 2018, to stockholders of record on November 7, 2018, with an ex-dividend date of November 6, 2018.

The annual yield on the dividend is 2.9 percent.

“I am pleased to report an operating income of $0.9 million for the first quarter of fiscal 2019 as compared to a $15,000 operating income in the first quarter of fiscal 2018,” said Edward J. Richardson, Chairman, Chief Executive Officer, and President. “Achieving a 19.4% increase in revenue over the prior year is a good start. We will need to stay focused on our key initiatives as we face a temporary slowdown in the semiconductor wafer fab market. We continue to be excited about the growth in PMT associated with our investments in new power and microwave technologies, as well as the introduction of our new ALTA750TM CT Tube,” Mr. Richardson concluded.

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

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