UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) July 16, 2003
Exact name of registrant as specified in its charter Richardson Electronics, Ltd.
State or other jurisdiction of incorporation Delaware
Commission file Number 0-12906
IRS Employer Identification No. 36-2096643
Address of principal executive office 40W267 Keslinger Road, P. O. Box 393, La Fox, IL
Zip Code 60147-0393
Registrant's telephone number, including area code 630-208-2386

This Current Report on Form 8-K contains a total of 1 page.

Item 9. Regulation FD Disclosure

For Immediate Release

For Details Contact:                                      

Ed Richardson                                                  Dario Sacomani

Chairman and Chief Executive Officer          Senior Vice President and

Richardson Electronics, Ltd.                           Chief Financial Officer

Phone:  (630) 208-2340                                     Richardson Electronics, Ltd.

E-mail:  info@rell.com                                       

Richardson Electronics Announces

First Quarter Dividend

LaFox, IL, Wednesday, July 16, 2003: -- Richardson Electronics, Ltd. (NASDAQ: RELL) today announced that its Board of Directors voted to declare a cash dividend for the first quarter of fiscal 2004 to all holders of common stock.

The cash dividend of $.04 per share will be payable September 3, 2003 to all common stockholders of record August 19, 2003. The Company currently has 10,750,780 shares 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 3,206,812 outstanding shares of Class B Common Stock.

About Richardson Electronics

Richardson Electronics, Ltd. is a global provider of “engineered solutions,” serving the RF and wireless communications, industrial power conversion, security and display systems markets.  The Company delivers engineered solutions for its customers’ needs through product manufacturing, systems integration, prototype design and assembly, testing and logistics.  Press announcements and other information about Richardson are available on the World Wide Web at http://www.rell.com/investor.asp.