RELM Wireless (RWC, Financial) has announced a quarterly dividend of 9 cents with an ex-dividend date of March 29. The firm has been paying a 9-cent quarterly dividend since May 2016.
The stock is currently selling for $5.10. It has a year-to-date return of 7.38%, a one-year return of -2.86% and a three-year return of 61.9%.
The company is in the communication and satellite equipment industry. It manufactures and sells radio communications equipment, mainly two-way land mobile radios, base stations and related components. Its primary competitor is Motorola (MSI, Financial).
In the company’s most recent earnings report on March 1, it reported earnings results for the fourth quarter and full year of 2016. Revenue for the fourth quarter was $7.226 million, an increase from $6.950 million in the fourth quarter of 2015. Revenue for the year was $50.689 million, an increase from $29.722 million in 2015. Earnings per share for the fourth quarter were 1 cent, down from 2 cents in the fourth quarter of 2015. For the year, earnings per share increased to 19 cents from 8 cents. The company’s 2016 earnings results were significantly helped by a new contract providing equipment for the Transportation Security Administration at over 400 airports worldwide.
Institutional shareholders own 53.73% of the firm’s outstanding shares. Its top institutional shareholder is Benchmark Capital Advisors with ownership of 12.03%.
Disclosure: I do not own any shares of RELM Wireless.
Start a free seven-day trial of Premium Membership to GuruFocus.
