Taitron Components Incorporated (TAIT) To Go Ex-Dividend on November 15th

Taitron Components Incorporated (NASDAQ:TAIT) announced a quarterly dividend on Friday, November 1st,Zacks Dividends reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 7.04%. The ex-dividend date of this dividend is Friday, November 15th.

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

Taitron Components Stock Performance

NASDAQ:TAIT traded down $0.01 during midday trading on Wednesday, reaching $2.84. 7,862 shares of the stock traded hands, compared to its average volume of 12,601. The company has a fifty day moving average of $2.87 and a 200 day moving average of $2.88. Taitron Components has a 12 month low of $2.57 and a 12 month high of $3.61. The stock has a market capitalization of $17.10 million, a P/E ratio of 10.92 and a beta of 0.49.

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

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Taitron Components in a research report on Sunday. They set 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.