Taitron Components Incorporated (TAIT) to Distribute Quarterly Dividend of $0.04 on August 28th

Taitron Components Incorporated (NASDAQ:TAIT) announced a quarterly dividend on Friday, July 31st. Investors of record on Friday, August 14th will be paid a dividend of 0.04 per share on Friday, August 28th. This represents a c) dividend on an annualized basis 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 payment by an average of 0.0%per year over the last three years.

Taitron Components Stock Performance

TAIT stock remained flat at $1.96 during midday trading on Wednesday. 5,132 shares of the company’s stock traded hands, compared to its average volume of 13,185. The business has a 50-day moving average price of $1.67 and a 200-day moving average price of $1.62. The company has a market cap of $11.80 million, a price-to-earnings ratio of -12.25 and a beta of 0.50. Taitron Components has a 12-month low of $0.95 and a 12-month high of $5.10.

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.