Taitron Components Incorporated (NASDAQ:TAIT) to Issue $0.05 Quarterly Dividend

Taitron Components Incorporated (NASDAQ:TAITGet Free Report) announced a quarterly dividend on Friday, May 2nd, RTT News reports. Investors of record on Friday, May 16th will be given a dividend of 0.05 per share on Friday, May 30th. This represents a $0.20 annualized dividend and a yield of 8.81%. The ex-dividend date is Friday, May 16th.

Taitron Components has raised its dividend payment by an average of 6.6% annually over the last three years.

Taitron Components Stock Performance

NASDAQ TAIT opened at $2.27 on Wednesday. Taitron Components has a one year low of $2.01 and a one year high of $3.21. The company has a market cap of $13.67 million, a P/E ratio of 9.87 and a beta of 0.37. The business has a fifty day moving average price of $2.32 and a 200 day moving average price of $2.54.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Taitron Components in a research report on Tuesday. They set a “hold” rating on the stock.

Check Out Our Latest Stock Report on TAIT

Taitron Components Company Profile

(Get Free Report)

Taitron Components Incorporated engages in the supply of original designed and manufactured (ODM) electronic components, and distribution of brand name electronic components. It distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components. The company also offers value-added engineering and turn-key solutions focusing on providing contract electronic manufacturers (CEMs) and original equipment manufacturers (OEMs) with ODM products for their turn-key projects.

Further Reading

Dividend History for Taitron Components (NASDAQ:TAIT)

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