Richardson Electronics (RELL) Declares $0.06 Quarterly Class A Share Dividend; 3% Yield

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Go back to Richardson Electronics (RELL) Declares $0.06 Quarterly Class A Share Dividend; 3% Yield

Richardson Electronics Reports Third Quarter Fiscal 2018 Profit and Declares Quarterly Cash Dividend

April 11, 2018 5:00 PM EDT

LAFOX, Ill., April 11, 2018 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) today reported financial results for its third quarter ended March 3, 2018. The Company also announced that its Board of Directors declared a $0.06 per share quarterly cash dividend.

Third Quarter Results

Net sales for the third quarter of fiscal 2018 increased 28.9% to $41.6 million compared to net sales of $32.3 million in the prior years third quarter. Sales increased $7.1 million for PMT and $2.7 million for Canvys. PMT sales were higher in power conversion and RF and microwave components, industrial power... More