Taitron Components Incorporated (TAIT) to Issue Quarterly Dividend of $0.04 on May 29th

Taitron Components Incorporated (NASDAQ:TAIT) announced a quarterly dividend on Friday, May 1st. Shareholders of record on Friday, May 15th will be paid a dividend of 0.035 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 8.8%. The ex-dividend date is Friday, May 15th.

Taitron Components has raised its dividend by an average of 0.1%per year over the last three years.

Taitron Components Price Performance

TAIT stock traded up $0.06 during trading hours on Wednesday, reaching $1.60. The stock had a trading volume of 15,865 shares, compared to its average volume of 16,412. The stock has a market capitalization of $9.63 million, a PE ratio of -10.00 and a beta of 0.47. The stock has a 50-day simple moving average of $1.55 and a 200 day simple moving average of $1.56. Taitron Components has a fifty-two week low of $0.95 and a fifty-two week high of $5.10.

Institutional Trading of Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Virtu Financial LLC acquired a new stake in Taitron Components Incorporated (NASDAQ:TAIT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,312 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned 0.29% of Taitron Components at the end of the most recent reporting period. 18.09% of the stock is owned by institutional investors.

About Taitron Components

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.