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

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

Richardson Electronics Reports First Quarter Fiscal 2019 Profit and Declares Quarterly Cash Dividend

October 10, 2018 5:00 PM EDT

LAFOX, Ill., Oct. 10, 2018 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) today reported financial results for its first quarter ended September 1, 2018. The Company also announced that its Board of Directors declared a $0.06 per share quarterly cash dividend. 

First Quarter Results

Net sales for the first quarter of fiscal 2019 increased 19.4% to $44.2 million compared to net sales of $37.0 million in the prior years first quarter. There were 13 weeks in the first quarter of fiscal 2019 compared to 14 weeks in last years first quarter. Sales increased... More