Taitron Components Incorporated (NASDAQ:TAIT) Plans Quarterly Dividend of $0.04

Taitron Components Incorporated (NASDAQ:TAIT) declared a quarterly dividend on Friday, January 30th. Investors 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 by an average of 0.1%annually over the last three years.

Taitron Components Price Performance

Shares of TAIT traded up $0.01 during mid-day trading on Wednesday, reaching $1.73. 6,435 shares of the company’s stock traded hands, compared to its average volume of 22,874. The stock’s 50-day moving average is $1.38 and its two-hundred day moving average is $1.91. The stock has a market cap of $10.42 million, a P/E ratio of -10.81 and a beta of 0.45. Taitron Components has a 12 month low of $0.95 and a 12 month high of $5.10.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Taitron Components stock. Susquehanna International Group LLP purchased a new stake in Taitron Components Incorporated (NASDAQ:TAIT) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,180 shares of the company’s stock, valued at approximately $25,000. Susquehanna International Group LLP owned approximately 0.17% of Taitron Components at the end of the most recent reporting period. 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.