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

Taitron Components Incorporated (NASDAQ:TAIT) declared a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.05 per share on Friday, February 28th. This represents a $0.20 annualized dividend and a dividend yield of 7.65%. The ex-dividend date is Friday, February 14th.

Taitron Components has raised its dividend by an average of 6.6% per year over the last three years.

Taitron Components Price Performance

Shares of Taitron Components stock opened at $2.62 on Wednesday. The firm has a market cap of $15.75 million, a price-to-earnings ratio of 11.37 and a beta of 0.47. The stock’s 50-day moving average is $2.60 and its 200-day moving average is $2.76. Taitron Components has a one year low of $2.52 and a one year high of $3.34.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Taitron Components in a research report on Thursday, February 6th. They issued a “hold” rating on the stock.

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.