Taitron Components Incorporated (NASDAQ:TAIT) raises dividend to $0.15 per share

Incorporated Taitron Components (NASDAQ: TAIT – Get Rating) declared a quarterly dividend on Friday, April 29, Zacks reports. Investors of record on Friday May 13 will receive a dividend of 0.145 per share on Tuesday May 31. This represents an annualized dividend of $0.58 and a yield of 14.50%. The ex-date of this dividend is Thursday, May 12. This is an increase from Taitron Components’ previous quarterly dividend of $0.05.

Taitron Components has increased its dividend payment by an average of 16.3% per year over the past three years and has increased its dividend every year for the past 4 years.

NASDAQ: TAIT opened at $4.00 on Tuesday. The company has a market capitalization of $23.50 million, a PE ratio of 10.26 and a beta of 1.34. Taitron Components has a 1-year minimum of $3.26 and a 1-year maximum of $6.60. The company’s fifty-day moving average is $3.77.

Several hedge funds have recently changed their positions in TAIT. Renaissance Technologies LLC increased its holdings of Taitron Components shares by 1.4% in Q4. Renaissance Technologies LLC now owns 415,773 shares of the company worth $1,676,000 after purchasing an additional 5,600 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Taitron Components in Q2 for a value of approximately $113,000. Finally, Two Sigma Advisers LP bought a new stake in shares of Taitron Components in Q3 for a value of approximately $63,000. Institutional investors hold 15.08% of the company’s shares.

Separately, StockNews.com began covering shares of Taitron Components in a research note on Thursday, May 5. They issued a “holding” rating for the company.

About Taitron Components (Get a rating)

Taitron Components Incorporated is engaged in the supply of original designed and manufactured (ODM) electronic components and the distribution of brand name electronic components. The company distributes discrete semiconductors, basic integrated circuits, optoelectronic devices and passive components.

Further reading

Dividend history for Taitron Components (NASDAQ:TAIT)

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