Taitron Components Incorporated (TAIT) to Issue Quarterly Dividend of $0.04 on February 27th

Taitron Components Incorporated (NASDAQ:TAIT) declared a quarterly dividend on Friday, January 30th. Stockholders of record on Friday, February 13th will be paid a dividend of 0.035 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Friday, February 13th.

Taitron Components has increased its dividend payment by an average of 0.1%per year over the last three years.

Taitron Components Price Performance

NASDAQ:TAIT traded up $0.01 on Wednesday, reaching $1.73. 9,838 shares of the company’s stock were exchanged, compared to its average volume of 22,999. The stock has a fifty day simple moving average of $1.38 and a 200-day simple moving average of $1.91. Taitron Components has a 52 week low of $0.95 and a 52 week high of $5.10. The firm has a market cap of $10.42 million, a price-to-earnings ratio of -10.81 and a beta of 0.45.

Taitron Components (NASDAQ:TAIT) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.01) EPS for the quarter. Taitron Components had a negative return on equity of 6.18% and a negative net margin of 27.42%.The company had revenue of $0.53 million during the quarter.

Institutional Investors Weigh In On Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Virtu Financial LLC acquired a new stake in Taitron Components Incorporated (NASDAQ:TAIT) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 17,312 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned approximately 0.29% of Taitron Components at the end of the most recent quarter. Hedge funds and other institutional investors own 18.09% of the company’s stock.

About Taitron Components

Taitron Components, Inc is a distributor of electronic components serving original equipment manufacturers (OEMs) and contract manufacturers. The company offers a broad range of passive, active and electromechanical components, including capacitors, resistors, inductors, connectors and circuit protection devices, as well as semiconductors, diodes, transistors and optoelectronic products.

In addition to its standard distribution services, Taitron provides value-added offerings such as inventory management, consignment programs, kitting, testing and drop-ship services.