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

Taitron Components Incorporated (NASDAQ:TAIT) declared a quarterly dividend on Monday, February 3rd,Wall Street Journal reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.05 per share on Friday, February 28th. This represents a $0.20 annualized dividend and a yield of 7.75%. The ex-dividend date of this dividend is Friday, February 14th.

Taitron Components has increased its dividend payment by an average of 6.6% annually over the last three years.

Taitron Components Trading Down 1.1 %

Shares of NASDAQ TAIT opened at $2.58 on Tuesday. The stock has a fifty day simple moving average of $2.61 and a two-hundred day simple moving average of $2.77. Taitron Components has a 1-year low of $2.52 and a 1-year high of $3.34. The firm has a market cap of $15.53 million, a price-to-earnings ratio of 11.22 and a beta of 0.47.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Taitron Components in a research report on Wednesday, January 29th. They set a “hold” rating on the stock.

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.