Richardson Electronics (RELL) Declares $0.06 Class A Share Quarterly Dividend; 2.5% Yield
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Richardson Electronics Reports Fourth Quarter Fiscal 2018 Profit and Declares Quarterly Cash Dividend
July 25, 2018 5:00 PM EDTLAFOX, Ill., July 25, 2018 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) today reported financial results for its fourth quarter and fiscal year ended June 2, 2018. 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 2018 increased 21.8% to $45.5 million compared to net sales of $37.4 million in the prior years fourth quarter. Sales increased $8.4 million for PMT and $1.0 million for Canvys. PMT sales were higher in power conversion and RF and microwave components,... More
