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

Posted by Jessica Moore on Aug 14th, 2024

Taitron Components Incorporated (NASDAQ:TAIT – Get Free Report) declared a quarterly dividend on Friday, August 2nd, Zacks reports. Investors of record on Friday, August 16th will be given a dividend of 0.05 per share on Friday, August 30th. This represents a $0.20 dividend on an annualized basis and a yield of 7.04%. The ex-dividend date of this dividend is Friday, August 16th.

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

Taitron Components Price Performance

TAIT traded up $0.02 on Wednesday, reaching $2.84. 3,706 shares of the company’s stock were exchanged, compared to its average volume of 14,387. The stock has a market cap of $17.10 million, a PE ratio of 10.07 and a beta of 0.50. Taitron Components has a twelve month low of $2.57 and a twelve month high of $3.87. The stock’s fifty day moving average price is $2.80 and its 200-day moving average price is $3.03.

Taitron Components (NASDAQ:TAIT – Get Free Report) last posted its quarterly earnings results on Wednesday, May 15th. The company reported $0.09 earnings per share for the quarter. Taitron Components had a net margin of 32.80% and a return on equity of 9.65%. The firm had revenue of $0.96 million for the quarter.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Taitron Components in a research note on Wednesday. They set a “hold” rating on the stock.

Read Our Latest 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. 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.