Richardson Electronics, Ltd. (RELL) To Go Ex-Dividend on February 6th

Richardson Electronics, Ltd. (NASDAQ:RELL) announced a quarterly dividend on Wednesday, January 7th. Investors of record on Friday, February 6th will be given a dividend of 0.06 per share by the technology company on Wednesday, February 25th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, February 6th.

Richardson Electronics has a dividend payout ratio of 43.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Richardson Electronics to earn $0.84 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 28.6%.

Richardson Electronics Stock Down 11.7%

Shares of NASDAQ:RELL opened at $10.31 on Friday. Richardson Electronics has a fifty-two week low of $7.57 and a fifty-two week high of $13.88. The firm’s 50 day moving average price is $10.64 and its 200 day moving average price is $10.27. The stock has a market cap of $149.39 million, a price-to-earnings ratio of 206.24, a price-to-earnings-growth ratio of 1.80 and a beta of 1.01.

Richardson Electronics (NASDAQ:RELL) last announced its quarterly earnings data on Wednesday, January 7th. The technology company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). Richardson Electronics had a net margin of 0.38% and a return on equity of 3.31%. The company had revenue of $52.29 million for the quarter, compared to the consensus estimate of $49.90 million. During the same period in the prior year, the firm posted ($0.05) EPS. On average, equities analysts anticipate that Richardson Electronics will post 0.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RELL. Zacks Research cut Richardson Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Weiss Ratings raised Richardson Electronics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Saturday, October 25th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Richardson Electronics Company Profile

Richardson Electronics, Ltd. (NASDAQ:RELL) is a global manufacturer, distributor and servicer of engineered components and subsystems for a diverse range of industrial, medical and scientific applications. The company specializes in vacuum electron devices, high-voltage power supplies and related electronic components, offering klystrons, traveling wave tubes, magnetrons, X-ray tubes, microwave amplifiers and power conversion products. Its solutions support customers in power grid management, semiconductor processing, medical imaging, scientific instrumentation and telecommunications.

In addition to its manufacturing capabilities, Richardson Electronics maintains a broad distribution network comprising thousands of standard and custom parts.