Mutual of America Capital Management LLC lifted its stake in shares of Richardson Electronics, Ltd. (NASDAQ:RELL) by 7.8% in the fourth quarter, Holdings Channel reports. The fund owned 748,463 shares of the technology company’s stock after acquiring an additional 54,180 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.06% of Richardson Electronics worth $5,045,000 at the end of the most recent quarter.
Shares of Richardson Electronics, Ltd. (NASDAQ:RELL) opened at $7.87 on Tuesday. Richardson Electronics, Ltd. has a 1-year low of $5.31 and a 1-year high of $8.72.
Richardson Electronics (NASDAQ:RELL) last issued its earnings results on Wednesday, January 10th. The technology company reported $0.01 earnings per share for the quarter. The business had revenue of $39.08 million during the quarter.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Friday, February 9th will be issued a $0.06 dividend. The ex-dividend date is Thursday, February 8th. This represents a $0.24 dividend on an annualized basis and a yield of 3.05%. Richardson Electronics’s payout ratio is currently -2,400.00%.
WARNING: This piece of content was reported by Stock Observer and is owned by of Stock Observer. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at https://www.thestockobserver.com/2018/02/06/mutual-of-america-capital-management-llc-has-5-05-million-stake-in-richardson-electronics-ltd-rell.html.
About Richardson Electronics
Richardson Electronics, Ltd. is a provider of engineered solutions, power grid and microwave tubes, and related consumables; power conversion, and radio frequency (RF) and microwave components; high value displays, flat panel detector solutions and replacement parts for diagnostic imaging equipment, and customized display solutions.
Want to see what other hedge funds are holding RELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Richardson Electronics, Ltd. (NASDAQ:RELL).
Receive News & Ratings for Richardson Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Richardson Electronics and related companies with MarketBeat.com's FREE daily email newsletter.