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

Taitron Components Incorporated (NASDAQ:TAIT) announced a quarterly dividend on Friday, October 31st. Shareholders of record on Friday, November 14th will be paid a dividend of 0.035 per share on Wednesday, November 26th. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date is Friday, November 14th.

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

Taitron Components Trading Down 2.4%

Shares of TAIT stock traded down $0.05 during mid-day trading on Wednesday, reaching $2.18. The stock had a trading volume of 11,324 shares, compared to its average volume of 142,842. The firm has a market capitalization of $13.10 million, a PE ratio of -19.91 and a beta of 0.49. The stock’s 50-day moving average price is $2.49 and its two-hundred day moving average price is $2.29. Taitron Components has a 52-week low of $2.01 and a 52-week high of $5.10.

Taitron Components (NASDAQ:TAIT) last posted its earnings results on Thursday, August 14th. The company reported ($0.05) earnings per share (EPS) for the quarter. Taitron Components had a negative return on equity of 4.12% and a negative net margin of 15.92%.The business had revenue of $1.17 million during the quarter.

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.