Taitron Components Incorporated (TAIT) to Issue Quarterly Dividend of $0.05 on February 28th

Taitron Components Incorporated (NASDAQ:TAIT) declared a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Investors of record on Friday, February 14th will be given a dividend of 0.05 per share on Friday, February 28th. This represents a $0.20 dividend on an annualized basis and a yield of 7.65%. The ex-dividend date of this dividend is Friday, February 14th.

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

Taitron Components Price Performance

NASDAQ TAIT opened at $2.62 on Wednesday. Taitron Components has a fifty-two week low of $2.52 and a fifty-two week high of $3.34. The stock’s 50-day moving average is $2.60 and its two-hundred day moving average is $2.76. The firm has a market cap of $15.75 million, a P/E ratio of 11.37 and a beta of 0.47.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Taitron Components in a research note on Thursday, February 6th. They issued a “hold” rating on the stock.

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.