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

Taitron Components Incorporated (NASDAQ:TAIT) announced a quarterly dividend on Monday, February 3rd,Wall Street Journal reports. Shareholders 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 yield of 7.72%. 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 Stock Performance

TAIT traded down $0.02 during trading on Monday, hitting $2.59. 6,847 shares of the stock were exchanged, compared to its average volume of 9,265. Taitron Components has a 1 year low of $2.52 and a 1 year high of $3.34. The firm has a market cap of $15.59 million, a price-to-earnings ratio of 11.26 and a beta of 0.47. The firm has a 50 day simple moving average of $2.62 and a 200 day simple moving average of $2.77.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Taitron Components in a report on Wednesday, January 29th. They issued a “hold” rating for the company.

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.