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

Taitron Components Incorporated (NASDAQ:TAIT) announced a quarterly dividend on Friday, November 1st,Zacks Dividends reports. Investors of record on Friday, November 15th will be paid a dividend of 0.05 per share on Wednesday, November 27th. This represents a $0.20 annualized dividend and a yield of 7.04%. The ex-dividend date of this dividend is Friday, November 15th.

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

Taitron Components Price Performance

TAIT stock traded down $0.01 during trading on Wednesday, hitting $2.84. 7,862 shares of the stock traded hands, compared to its average volume of 12,601. Taitron Components has a 1 year low of $2.57 and a 1 year high of $3.61. The firm’s 50 day moving average is $2.87 and its two-hundred day moving average is $2.88. The stock has a market cap of $17.10 million, a price-to-earnings ratio of 10.92 and a beta of 0.49.

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

Wall Street Analyst Weigh In

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

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.