Exhibit 99.1
Corporate Headquarters | ||||
40W267 Keslinger Road | ||||
For Immediate Release | PO Box 393 | |||
For Details Contact: | LaFox, IL 60147-0393 | |||
Ed Richardson | David J. DeNeve | USA | ||
Chairman and Chief Executive Officer | Senior Vice President and | Phone: (630) 208-2200 | ||
Richardson Electronics, Ltd. | Chief Financial Officer | Fax: (630) 208-2550 | ||
Phone: (630) 208-2340 | Richardson Electronics, Ltd. | |||
E-mail:info@rell.com |
Richardson Electronics Announces Third Quarter Dividend
LaFox, IL, Thursday, January 11, 2007:Richardson Electronics, Ltd. (NASDAQ: RELL) today announced that its Board of Directors voted to declare a cash dividend for the third quarter of fiscal 2007 to all holders of common stock.
The cash dividend of $0.04 per share will be payable February 24, 2007 to all common stockholders of record on February 10, 2007. The Company currently has 14,547,886 of common stock outstanding, net of shares held in treasury. A dividend equal to 90 percent of the dividend paid on the common stock will be paid to the holders of the 3,068,258 outstanding shares of Class B common stock.
About Richardson Electronics
Richardson Electronics, Ltd. is a global provider of “Engineered Solutions,” serving the RF, Wireless & Power Conversion; Electron Device; Security; and Display Systems markets. The Company delivers engineered solutions for its customers’ needs through product manufacturing, systems integration, prototype design and manufacture, testing and logistics. Press announcements and other information about Richardson are available online athttp://www.rell.com/investor.asp.