Taitron Components Incorporated (NASDAQ:TAIT) Announces $0.04 Quarterly Dividend

Taitron Components Incorporated (NASDAQ:TAIT) announced a quarterly dividend on Friday, May 1st. Investors of record on Friday, May 15th will be paid a dividend of 0.035 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 8.8%. The ex-dividend date is Friday, May 15th.

Taitron Components has raised its dividend by an average of 0.1%per year over the last three years.

Taitron Components Stock Up 3.9%

NASDAQ:TAIT traded up $0.06 during trading hours on Wednesday, reaching $1.60. 15,813 shares of the company’s stock were exchanged, compared to its average volume of 16,412. The company has a market capitalization of $9.63 million, a P/E ratio of -10.00 and a beta of 0.47. Taitron Components has a 12 month low of $0.95 and a 12 month high of $5.10. The business’s 50-day simple moving average is $1.55 and its two-hundred day simple moving average is $1.56.

Institutional Investors Weigh In On Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Susquehanna International Group LLP purchased a new stake in Taitron Components Incorporated (NASDAQ:TAIT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,180 shares of the company’s stock, valued at approximately $25,000. Susquehanna International Group LLP owned approximately 0.17% of Taitron Components as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 18.09% of the company’s stock.

About Taitron Components

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.