Taitron Announces Quarterly Cash Dividend
01/27/2023 - 04:10 PM
LOS ANGELES, Jan. 27, 2023 (GLOBE NEWSWIRE) -- Taitron Components Incorporated (NASDAQ:TAIT) today announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share of common stock, payable on February 28, 2023 to stockholders of record as of the close of business on February 10, 2023. Under our current dividend policy, the Company will target a cash dividend to our stockholders in the amount of $0.20 per share per annum, payable in equal $0.05 per share quarterly installments.
Subsequent dividend declarations and the establishment of record and payment dates for such future dividend payments, if any, are subject to the Board of Directors' continuing determination that the dividend policy is in the best interests of the Company's stockholders. The dividend policy may be suspended or cancelled at the discretion of the Board of Directors at any time.
About Taitron Components
Taitron, based in Valencia, California, is the “Discrete Components Superstore”. The Company distributes a wide variety of transistors, diodes and other discrete semiconductors, optoelectronic devices and passive components to electronic distributors, contract electronic manufacturers (CEMs) and original equipment manufacturers (OEMs), who incorporate them into their products. In addition, Taitron provides value-added engineering and turn-key services for our existing OEM and CEM customers and providing them with original design and manufacturing services for their multi-year turn-key projects.
Safe Harbor Statement
Statements contained in the exhibit to this report that state the Company’s or its management’s expectations or predictions of the future are forward-looking statements intended to be covered by the safe harbor provisions of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. It is important to note that the Company’s actual results could differ materially from those projected in such forward-looking statements. Factors that could affect those results include those mentioned in the documents that the Company has filed with the Securities and Exchange Commission.
CONTACTS:
Taitron Components Incorporated
David Vanderhorst – ph 661-257-6060
TAIT Rankings
#2942 Ranked by Stock Gains
TAIT Stock Data
Industry
Business to Business Electronic Markets
Sector
Wholesale Trade
Tags
Distribution Services, Electronics Distributors, Wholesale Trade, Business to Business Electronic Markets
About TAIT
taitron "the discrete superstore" taitron components incorporated is a "discrete component superstore", distributing a wide variety of discrete semiconductors, optoelectronic devices (opto's) and passive components (passives) to other electronic distributors, contract electronic manufactures (cems) and to original equipment manufactures (oems) who incorporate these devices in their products. since its founding in 1989, taitron believes that its most important competitive advantage is the depth of its inventory consisting of over 1.6 billion separate components and over 13,000 distinct broad line of name brands. during 2000, electronic buyers news ranked taitron as the 44th largest electronics distributor and the 16th largest distributor of discrete semiconductors in north america. taitron promotes a strong corporate culture and management principles enabling it to excel in combining operating efficiency with customer satisfaction.
