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

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

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

Taitron Components Trading Down 0.4 %

Taitron Components stock traded down $0.01 during mid-day trading on Wednesday, reaching $2.84. The company’s stock had a trading volume of 7,857 shares, compared to its average volume of 12,601. The firm has a market cap of $17.10 million, a price-to-earnings ratio of 10.92 and a beta of 0.49. The business has a 50 day moving average price of $2.87 and a 200-day moving average price of $2.88. Taitron Components has a twelve month low of $2.57 and a twelve month high of $3.61.

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

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Taitron Components in a research note on Sunday. They issued 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.