Richardson Electronics (RELL) Declares $0.06 Quarterly Dividend; 4% Yield

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Go back to Richardson Electronics (RELL) Declares $0.06 Quarterly Dividend; 4% Yield

Richardson Electronics Reports Fourth Quarter Fiscal 2017 Results and Declares Quarterly Cash Dividend

July 19, 2017 5:15 PM EDT

LAFOX, Ill., July 19, 2017 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) today reported financial results for its fourth quarter and fiscal year ended May 27, 2017. The Company also announced that its Board of Directors declared a $0.06 per share quarterly cash dividend.

Fourth Quarter Results

Net sales for the fourth quarter of fiscal 2017 were $37.4 million compared to net sales of $39.6 million in the prior years fourth quarter. Sales decreased $1.3 million for PMT, primarily due to a large government sale in the fourth quarter of 2016. PMT... More