NEW YORK ( TheStreet) -- The ex-dividend date for Richardson Electronics (Nasdaq: RELL) is tomorrow, November 2, 2011. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $12.45 as of 9:30 a.m. ET, the dividend yield is 1.5%.

The average volume for Richardson has been 102,400 shares per day over the past 30 days. Richardson has a market cap of $186.3 million and is part of the services sector and wholesale industry. Shares are up 11.1% year to date as of the close of trading on Monday.

Richardson Electronics, Ltd. engages in the provision of engineered solutions; and distribution of electronic components to the electron device and display systems markets. The company has a P/E ratio of 94.6, above the average wholesale industry P/E ratio of 3.3 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Richardson as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Richardson Ratings Report.

See our dividend calendar or top-yielding stocks list.
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