Richardson Electronics Ltd RELL:NASDAQ

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Richardson Electronics Posts Decline In Fiscal Q1 Net Income, Sales

3:45AM ET 10/10/2019 MT Newswires
Richardson Electronics (RELL) on Wednesday reported net income of $157,000, or $0.01 per share, for fiscal Q1 ended Aug. 31, lower than the year-ago quarter's net income of $431,000, or $0.03 per share.

The Illinois-based engineered services provider and distributor of electronic components posted net sales of $40.7 million for the most recent quarter, down from $44.2 million in the prior year quarter.

The company's board also declared a quarterly dividend of $0.06 per share to holders of common stock and a $0.054 cash dividend per share to holders of class B common stock. The dividend will be payable on Nov. 22, to shareholders of record as of Nov. 7.

The dividend was unchanged from the previous payout in August.

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