Taitron Components Inc. (TAIT) to Issue Quarterly Dividend of $0.03

Taitron Components Inc. (NASDAQ:TAIT) declared a quarterly dividend on Monday, November 5th, Wall Street Journal reports. Investors of record on Thursday, November 15th will be paid a dividend of 0.03 per share on Friday, November 30th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 6.63%. The ex-dividend date is Wednesday, November 14th. This is an increase from Taitron Components’s previous quarterly dividend of $0.03.

Shares of TAIT stock traded up $0.16 during trading on Monday, reaching $1.81. The company’s stock had a trading volume of 182,531 shares, compared to its average volume of 46,273. The stock has a market capitalization of $9.25 million, a P/E ratio of 12.69 and a beta of 0.63. Taitron Components has a 1-year low of $1.22 and a 1-year high of $2.89.

Taitron Components (NASDAQ:TAIT) last posted its quarterly earnings results on Tuesday, August 14th. The company reported $0.07 EPS for the quarter. Taitron Components had a net margin of 9.80% and a return on equity of 6.03%. The company had revenue of $2.15 million during the quarter.

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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, passive components, transistors, and diodes.

See Also: Outstanding Shares

Dividend History for Taitron Components (NASDAQ:TAIT)

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