Taitron Components Incorporated (TAIT) to Issue Quarterly Dividend of $0.04 on November 26th

Taitron Components Incorporated (NASDAQ:TAIT) declared a quarterly dividend on Friday, October 31st. Investors of record on Friday, November 14th will be given a dividend of 0.035 per share on Wednesday, November 26th. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date is Friday, November 14th.

Taitron Components has increased its dividend by an average of 0.1%annually over the last three years.

Taitron Components Price Performance

Shares of TAIT stock traded down $0.04 on Wednesday, reaching $2.19. 17,217 shares of the stock were exchanged, compared to its average volume of 142,868. Taitron Components has a one year low of $2.01 and a one year high of $5.10. The stock has a 50 day moving average price of $2.49 and a 200 day moving average price of $2.29. The stock has a market cap of $13.18 million, a PE ratio of -19.90 and a beta of 0.49.

Taitron Components (NASDAQ:TAIT) last announced its quarterly earnings data on Thursday, August 14th. The company reported ($0.05) earnings per share for the quarter. The business had revenue of $1.17 million during the quarter. Taitron Components had a negative net margin of 15.92% and a negative return on equity of 4.12%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Taitron Components in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Taitron Components Company Profile

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.