Richardson Electronics - RELL Stock Forecast, Price & News

Richardson Electronics' stock was trading at $13.52 at the beginning of 2022. Since then, RELL shares have increased by 87.5% and is now trading at $25.35.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 4th 2023.
View our RELL earnings forecast.

Richardson Electronics, Ltd. (NASDAQ:RELL) posted its quarterly earnings data on Wednesday, July, 22nd. The technology company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.05 by $0.15. The technology company had revenue of $37.36 million for the quarter. Richardson Electronics had a trailing twelve-month return on equity of 13.72% and a net margin of 9.06%.

Richardson Electronics announced a quarterly dividend on Wednesday, October 5th. Stockholders of record on Friday, November 4th will be given a dividend of $0.06 per share on Wednesday, November 23rd. This represents a $0.24 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, November 3rd.
Read our dividend analysis for RELL.

Richardson Electronics (NASDAQ:RELL) pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.93%. The dividend payout ratio is 15.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RELL will have a dividend payout ratio of 14.04% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RELL.

14 employees have rated Richardson Electronics Chief Executive Officer Edward J. Richardson on Glassdoor.com. Edward J. Richardson has an approval rating of 77% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Richardson Electronics investors own include Walgreens Boots Alliance (WBA), Enphase Energy (ENPH), Intel (INTC), OPKO Health (OPK), Pfizer (PFE), Prospect Capital (PSEC), Rigel Pharmaceuticals (RIGL), Revolution Lighting Technologies (RVLT), Shaw Communications (SJR) and Welltower (WELL).

Richardson Electronics trades on the NASDAQ under the ticker symbol "RELL."

Richardson Electronics' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Royce & Associates LP (7.03%), Dimensional Fund Advisors LP (6.90%), Renaissance Technologies LLC (5.80%), Portolan Capital Management LLC (5.08%), Vanguard Group Inc. (3.40%) and First Wilshire Securities Management Inc. (3.30%). Insiders that own company stock include Jacques Belin, James Benham, Jens Frank Ruppert, Kathleen Mcnally, Kenneth Halverson, Paul J Plante, Robert H Kluge, Robert J Ben and Wendy Diddell.
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Shares of RELL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RELL stock can currently be purchased for approximately $25.35.

Richardson Electronics (NASDAQ:RELL) has a market capitalization of $352.39 million and generates $224.62 million in revenue each year. The technology company earns $17.93 million in net income (profit) each year or $1.55 on an earnings per share basis.

The company employs 373 workers across the globe.

Richardson Electronics' mailing address is 40W267 KESLINGER ROAD P.O. BOX 393, LAFOX IL, 60147. The official website for the company is www.rell.com. The technology company can be reached via phone at (630) 208-2200 or via fax at 630-208-2550.