Welcome to our dedicated page for Taitron Components Incorporated news (Ticker: TAIT), a resource for investors and traders seeking the latest updates and insights on Taitron Components Incorporated stock.
Taitron Components Inc., symbol TAIT, is renowned as the 'Discrete Components Superstore'. Established in 1989 and headquartered in Valencia, California, Taitron specializes in distributing a comprehensive range of discrete semiconductors, optoelectronic devices, and passive components. The company's core business revolves around providing these essential electronic components to electronic distributors, contract electronic manufacturers (CEMs), and original equipment manufacturers (OEMs).
Taitron takes pride in its extensive inventory, boasting over 1.6 billion discrete components and more than 13,000 distinct product lines. This vast inventory is a key competitive advantage, allowing Taitron to meet the diverse needs of its customers effectively. In addition to distribution, the company offers value-added engineering and turn-key solutions, focusing on providing original design and manufacturing (ODM) products tailored to multi-year projects.
The company's product offerings include discrete semiconductors, small electronic devices, and brand-name electronic components. Taitron's operations are supported by its locations in Taiwan and China, which facilitate inventory sourcing, purchases, and coordination of ODM projects.
Taitron's commitment to customer satisfaction is evident in its corporate culture and management principles, which emphasize operating efficiency and quality service. The company has garnered industry recognition, being ranked as the 44th largest electronics distributor and the 16th largest distributor of discrete semiconductors in North America by Electronic Buyers News in 2000.
Recent news highlights the company's dividend policy, with dividend declarations subject to the Board of Directors' ongoing assessment of shareholder interests. Taitron's dividend policy may be adjusted or suspended as deemed necessary by the Board.
Taitron Components Incorporated (NASDAQ:TAIT) has announced a quarterly cash dividend of $0.05 per share of common stock, payable on May 31, 2024. The Company's dividend policy aims to provide $0.20 per share annually, paid in $0.05 quarterly installments. Future dividend declarations are subject to the Board of Directors' discretion.
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