Richardson Electronics Declares $0.06 Quarterly Dividend
Richardson Electronics, Ltd. (NASDAQ: RELL), a provider of engineered solutions and power management products, announced a $0.06 per share quarterly cash dividend. The company's board approved the payment alongside third-quarter results showing seven consecutive quarters of year-over-year sales growth.
Richardson Electronics, Ltd. (NASDAQ: RELL), a provider of engineered solutions and power management products, declared a $0.06 per share quarterly cash dividend for common stockholders and $0.054 per share for Class B common stockholders. Read more dividend announcements.
The board approved the dividend on April 8, 2026, as the company reported third-quarter net income of $0.9 million, or $0.07 per diluted share, for the period ended February 28, 2026.
| Dividend Details | Common Stock | Class B Common Stock |
|---|---|---|
| Amount | $0.06 per share | $0.054 per share |
| Record Date | May 8, 2026 | May 8, 2026 |
| Payment Date | May 27, 2026 | May 27, 2026 |
Third-Quarter Performance
The LaFox, Illinois-based company reported its seventh consecutive quarter of year-over-year sales growth. The quarter was led by a 9.7% increase in Power and Microwave Technologies (PMT) net sales.
Total backlog at February 28, 2026, stood 11.4% higher than the end of the prior quarter, reaching its highest level in nearly three years. Chairman and CEO Edward J. Richardson cited sustained demand across power management, energy transition, and semiconductor applications.
For the nine months ended February 28, 2026, Richardson Electronics posted net income of $2.7 million, or $0.19 per diluted share, compared to a net loss of $2.2 million in the same period a year earlier. EBITDA for the nine-month period was $6.2 million versus negative $0.5 million in the prior year.
Other income for the nine-month period totaled $0.7 million, including a non-recurring gain of $0.9 million, compared to other expense of $0.4 million in the prior-year period. The income tax provision was $0.6 million for the first nine months of fiscal 2026 compared to a tax benefit of $1.3 million a year earlier.