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

Taitron Components Incorporated (NASDAQ:TAIT) announced a quarterly dividend on Friday, November 1st,Zacks Dividends reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.05 per share on Wednesday, November 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.67%. The ex-dividend date is Friday, November 15th.

Taitron Components has increased its dividend by an average of 11.3% annually over the last three years.

Taitron Components Price Performance

NASDAQ TAIT traded up $0.16 on Thursday, reaching $3.00. The company had a trading volume of 963 shares, compared to its average volume of 12,548. Taitron Components has a 1 year low of $2.57 and a 1 year high of $3.61. The firm has a 50-day moving average of $2.87 and a 200-day moving average of $2.88. The firm has a market capitalization of $18.06 million, a PE ratio of 10.92 and a beta of 0.49.

Taitron Components (NASDAQ:TAIT) last announced its earnings results on Wednesday, August 14th. The company reported $0.07 earnings per share for the quarter. Taitron Components had a net margin of 32.00% and a return on equity of 8.87%. The business had revenue of $1.22 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Taitron Components in a research report on Sunday. They issued a “hold” rating for the company.

About Taitron Components

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.