Taitron Components Incorporated (NASDAQ:TAIT) to Issue Quarterly Dividend of $0.04

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

Taitron Components has increased its dividend payment by an average of 0.1%annually over the last three years.

Taitron Components Stock Up 3.9%

NASDAQ TAIT traded up $0.06 on Wednesday, hitting $1.60. The stock had a trading volume of 15,813 shares, compared to its average volume of 16,412. Taitron Components has a one year low of $0.95 and a one year high of $5.10. The stock has a market cap of $9.63 million, a price-to-earnings ratio of -10.00 and a beta of 0.47. The company’s 50-day moving average is $1.55 and its two-hundred day moving average is $1.56.

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.