Richardson Electronics Announces Quarterly Dividend
Richardson Electronics (NASDAQ: RELL) has declared a quarterly dividend of $0.06 per share, consistent with its previous payout levels. The forward yield is currently estimated at 1.19%. Shareholders must be registered by November 6 to receive the payment on November 25; shares will trade ex-dividend starting November 6. The company has shown strong financial performance recently, including a GAAP EPS of $0.27 in its latest quarter that beat expectations by $0.18 and revenue of $64.9 million exceeding forecasts by $5.92 million.
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