StockNews.com initiated coverage on shares of Taitron Components (NASDAQ:TAIT – Free Report) in a report released on Monday morning. The firm issued a hold rating on the stock.
Taitron Components Stock Down 0.5 %
Shares of NASDAQ:TAIT opened at $2.77 on Monday. The stock has a market cap of $16.68 million, a PE ratio of 12.04 and a beta of 0.49. The company’s fifty day moving average is $2.86 and its 200 day moving average is $2.87. Taitron Components has a 52 week low of $2.57 and a 52 week high of $3.61.
Taitron Components Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.22%. The ex-dividend date is Friday, November 15th. Taitron Components’s dividend payout ratio (DPR) is presently 86.96%.
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.
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