Taitron Components Incorporated (NASDAQ:TAIT) Raises Dividend to $0.04 Per Share

Taitron Components Incorporated (NASDAQ:TAIT) announced a quarterly dividend on Friday, July 31st. Shareholders of record on Friday, August 14th will be given a dividend of 0.04 per share on Friday, August 28th. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date is Friday, August 14th. This is a 14.3% increase from Taitron Components’s previous quarterly dividend of $0.04.

Taitron Components has increased its dividend by an average of 0.0%per year over the last three years.

Taitron Components Stock Performance

Shares of NASDAQ:TAIT remained flat at $1.96 during mid-day trading on Wednesday. The company had a trading volume of 5,132 shares, compared to its average volume of 13,185. The firm has a market capitalization of $11.80 million, a price-to-earnings ratio of -12.25 and a beta of 0.50. The stock’s 50-day moving average price is $1.67 and its 200 day moving average price is $1.62. Taitron Components has a 1-year low of $0.95 and a 1-year high of $5.10.

Taitron Components Company Profile

Taitron Components, Inc is a distributor of electronic components serving original equipment manufacturers (OEMs) and contract manufacturers. The company offers a broad range of passive, active and electromechanical components, including capacitors, resistors, inductors, connectors and circuit protection devices, as well as semiconductors, diodes, transistors and optoelectronic products.

In addition to its standard distribution services, Taitron provides value-added offerings such as inventory management, consignment programs, kitting, testing and drop-ship services.