Taitron Components Incorporated (NASDAQ:TAIT) to Issue Dividend Increase – $0.04 Per Share

Taitron Components Incorporated (NASDAQ:TAIT) declared a quarterly dividend on Friday, July 31st. Investors of record on Friday, August 14th will be given a dividend of 0.04 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date is Friday, August 14th. This is a 14.3% increase from Taitron Components’s previous quarterly dividend of $0.04.

Taitron Components has raised its dividend by an average of 0.0%annually over the last three years.

Taitron Components Price Performance

Shares of TAIT remained flat at $1.96 during midday trading on Wednesday. The stock had a trading volume of 5,132 shares, compared to its average volume of 13,185. Taitron Components has a twelve month low of $0.95 and a twelve month high of $5.10. The firm has a fifty day simple moving average of $1.67 and a 200-day simple moving average of $1.62. The stock has a market cap of $11.80 million, a P/E ratio of -12.25 and a beta of 0.50.

Taitron Components Company Profile

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.