Taitron Components Incorporated (TAIT) to Issue Quarterly Dividend of $0.05 on November 27th

Posted by Latisha Jones on Nov 13th, 2024

Taitron Components Incorporated (NASDAQ:TAIT – Get Free Report) declared 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 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 Trading Down 0.4 %

Taitron Components stock traded down $0.01 during mid-day trading on Wednesday, hitting $2.84. The stock had a trading volume of 7,861 shares, compared to its average volume of 12,601. The firm has a market capitalization of $17.10 million, a P/E ratio of 10.92 and a beta of 0.49. The firm’s 50 day moving average is $2.87 and its 200 day moving average is $2.88. Taitron Components has a one year low of $2.57 and a one year high of $3.61.

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

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Analysis on Taitron Components

About Taitron Components

(Get Free Report)

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.