Richardson Electronics, Ltd. (NASDAQ:RELL) a few days ago came out with its fiscal second-quarter net income of $1.7 million. The company reported a loss in the same period one year earlier. Post the second-quarter report announcement the company is gaining positive reviews.
According to the company based in Lafox, Illinois it had net income of 12 cents on a per share basis. The earnings that were adjusted to account in accordance with the discontinued operations were 1 cent per share. Richardson Electronics posted revenue of $39.1 million during this period. The shares of the company have escalated to approximately 3 percent since the start of this year.
The electronic components and communication Products Company posted $39.1 million as the revenue in this period. Richardson Electronics also announced its quarterly dividend to be paid on February 22 of this year. The dividend calculated up to February 9 will be paid $0.06 per share. These figures indicate that the annual dividend amounts to $0.24 with a dividend yield of 2.97%. The ex-dividend date of the company is Thursday, February 2018 and the company’s dividend payout ratio (DPR) is currently-200.00%.
Richardson Electronics Gaining Positive Reviews
The company lately has been making a lot of headlines in the media according to a report by Accern Sentiment which is known for rating the sentiment of media coverage. It does so by monitoring over 20 million news sources and blog. The pioneer of story classification process that helps you to track the way information flows online ranks the coverage of the publicly- traded companies on the scale of -1 to 1.
On the scale of news impact score, Richardson Electronics earned 0.06. The news coverage about the technology company received an impact score of 46.8699451335285 out of 100 which indicates that the media coverage is in no way going to affect the share prices of the company in the coming few days.
Richardson Electronics is a provider of engineered solutions, power grid and microwave tubes, and related consumables, power conversion, high-value displays, radio frequency and microwave components, flat panel detector solutions and replacement parts for customized display solutions, and diagnostic imaging equipment.