Richardson Electronics (RELL) Declares $0.06 Quarterly Dividend; 4.1% Yield
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Richardson Electronics Reports Improved Fourth Quarter Fiscal 2016 Results and Declares Quarterly Cash Dividend
July 20, 2016 4:44 PM EDTLAFOX, Ill.--(BUSINESS WIRE)-- Richardson Electronics, Ltd. (NASDAQ: RELL) today reported financial results for its fourth quarter and fiscal year ended May 28, 2016. 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 2016 were $39.6 million, a 13.2% increase, compared to net sales of $35.0 million in the prior year. Sales increased $3.9 million for PMT and $1.6 million for Healthcare, which includes net sales for International Medical Equipment Systems (IMES), acquired early this fiscal year. The... More
Richardson Electronics Reports Improved Fourth Quarter Fiscal 2016 Results and Declares Quarterly Cash Dividend
July 20, 2016 4:44 PM EDTLAFOX, Ill.--(BUSINESS WIRE)-- Richardson Electronics, Ltd. (NASDAQ: RELL) today reported financial results for its fourth quarter and fiscal year ended May 28, 2016. 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 2016 were $39.6 million, a 13.2% increase, compared to net sales of $35.0 million in the prior year. Sales increased $3.9 million for PMT and $1.6 million for Healthcare, which includes net sales for International Medical Equipment Systems (IMES), acquired early this fiscal year. The... More
