Taitron Components Incorporated (NASDAQ:TAIT) Announces Quarterly Dividend of $0.05

Taitron Components Incorporated (NASDAQ:TAITGet Free Report) declared a quarterly dividend on Friday, May 3rd, Zacks reports. Shareholders of record on Friday, May 17th will be paid a dividend of 0.05 per share on Friday, May 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.27%. The ex-dividend date of this dividend is Thursday, May 16th.

Taitron Components has increased its dividend payment by an average of 11.3% per year over the last three years and has raised its dividend annually for the last 7 consecutive years.

Taitron Components Trading Up 0.9 %

Shares of Taitron Components stock traded up $0.03 during mid-day trading on Wednesday, reaching $3.19. 4,933 shares of the stock were exchanged, compared to its average volume of 14,604. The company has a market cap of $19.20 million, a price-to-earnings ratio of 9.88 and a beta of 0.72. Taitron Components has a fifty-two week low of $3.05 and a fifty-two week high of $4.32. The firm has a 50-day simple moving average of $3.18 and a 200 day simple moving average of $3.28.

Taitron Components (NASDAQ:TAITGet Free Report) last issued its quarterly earnings data on Monday, April 1st. The company reported $0.03 earnings per share (EPS) for the quarter. Taitron Components had a return on equity of 10.97% and a net margin of 30.21%. The firm had revenue of $0.97 million during the quarter.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TAIT. StockNews.com assumed coverage on Taitron Components in a research note on Friday, May 10th. They issued a “hold” rating on the stock. TheStreet lowered Taitron Components from a “b-” rating to a “c+” rating in a report on Wednesday, February 7th.

Read Our Latest Stock Analysis on Taitron Components

Taitron Components Company Profile

(Get Free Report)

Taitron Components Incorporated engages in the supply of original designed and manufactured (ODM) electronic components, and distribution of brand name electronic components. The company distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components.

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Dividend History for Taitron Components (NASDAQ:TAIT)

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