Richardson Electronics (RELL) Declares $0.06 Quarterly Dividend; 1.9% Yield

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Go back to Richardson Electronics (RELL) Declares $0.06 Quarterly Dividend; 1.9% Yield

Richardson Electronics Reports Second Quarter Fiscal 2024 Results and Declares Quarterly Cash Dividend

January 10, 2024 4:15 PM EST

Results reflect challenging economic conditions as well as decline in sales to semiconductor wafer fab customers and project delays across the Companys GES business.

Backlog increased 2% over the past three months, which management believes indicates stabilizing demand.

Company implements new ownership requirements for outside directors.

LAFOX, Ill., Jan. 10, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) today reported financial results for its second quarter ended December 2, 2023. The Company also announced that its Board of Directors declared a $0.06... More