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

Taitron Components Incorporated (NASDAQ:TAIT) announced a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Investors 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 7.65%. The ex-dividend date is Friday, February 14th.

Taitron Components has increased its dividend by an average of 6.6% per year over the last three years.

Taitron Components Stock Performance

TAIT opened at $2.62 on Wednesday. The company’s 50-day simple moving average is $2.60 and its two-hundred day simple moving average is $2.76. Taitron Components has a 52-week low of $2.52 and a 52-week high of $3.34. The stock has a market capitalization of $15.75 million, a P/E ratio of 11.37 and a beta of 0.47.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Taitron Components in a report on Thursday, February 6th. They issued a “hold” rating on the stock.

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.