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

Taitron Components Incorporated (NASDAQ:TAIT) 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 6.67%. The ex-dividend date is Friday, November 15th.

Taitron Components has raised its dividend payment by an average of 11.3% per year over the last three years.

Taitron Components Trading Up 5.6 %

Shares of TAIT traded up $0.16 during mid-day trading on Thursday, reaching $3.00. The company had a trading volume of 963 shares, compared to its average volume of 12,548. Taitron Components has a fifty-two week low of $2.57 and a fifty-two week high of $3.61. The firm has a fifty day simple moving average of $2.87 and a 200-day simple moving average of $2.88. The stock has a market cap of $18.06 million, a price-to-earnings ratio of 10.92 and a beta of 0.49.

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

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Taitron Components in a research note on Sunday. 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.