RICHARDSON ELECTRONICS DECLARES 4th-QUARTER CASH DIVIDEND OF 4 CENTS PER SHARE
Richardson Electronics Ltd. announces that its board of directors has voted to declare a cash dividend for the fourth quarter of fiscal 2000 to all holders of common stock. The cash dividend of 4 cents per share will be payable June 1 to all stockholders of record May 12. The company currently has more than 9.4 million shares of common stock outstanding. A dividend of 90 percent of the dividend paid on the common stock will be paid to the holders of the more than 3.2 million shares of Class B Common Stock. Richardson Electronics is a specialized international distributor of electronic components, equipment and assemblies for a variety of industrial, communications, medical imaging and other applications. The firm’s products include radio frequency (RF) and microwave components and electronic security systems and products.
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