Taitron Components Incorporated (TAIT) To Go Ex-Dividend on February 14th

Taitron Components Incorporated (NASDAQ:TAIT) announced a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.05 per share on Friday, February 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.65%. The ex-dividend date is Friday, February 14th.

Taitron Components has raised its dividend payment by an average of 6.6% annually over the last three years.

Taitron Components Trading Down 0.5 %

Shares of NASDAQ:TAIT opened at $2.62 on Wednesday. The stock has a fifty day simple moving average of $2.60 and a two-hundred day simple moving average of $2.76. Taitron Components has a 12-month low of $2.52 and a 12-month high of $3.34. The stock has a market capitalization of $15.75 million, a price-to-earnings ratio of 11.37 and a beta of 0.47.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Taitron Components in a research report on Thursday, February 6th. They issued a “hold” rating for the company.

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.