Taitron Announces Quarterly Cash Dividend

Rhea-AI Summary

Taitron Components (NASDAQ:TAIT) has declared a quarterly cash dividend of $0.05 per share of common stock. The dividend is payable on August 30, 2024 to stockholders of record as of the close of business on August 16, 2024. Under the current dividend policy, Taitron aims to distribute $0.20 per share annually, paid in equal quarterly installments of $0.05. The company's Board of Directors retains the discretion to suspend or cancel the dividend policy at any time, based on their assessment of its benefits to stockholders.

Positive

• Consistent quarterly dividend of $0.05 per share
• Annual dividend target of $0.20 per share
• Commitment to returning value to shareholders

Negative

• Dividend policy subject to potential suspension or cancellation
• Dividend payments may impact cash reserves

LOS ANGELES, Aug. 02, 2024 (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 August 30, 2024 to stockholders of record as of the close of business on August 16, 2024. 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.

CONTACTS:

Taitron Components Incorporated

David Vanderhorst – ph 661-257-6060

FAQ

When is Taitron's (TAIT) next dividend payment date?

Taitron's next dividend payment date is August 30, 2024.

What is the quarterly dividend amount for Taitron (TAIT) stock?

The quarterly dividend amount for Taitron stock is $0.05 per share.

What is Taitron's (TAIT) annual dividend target?

Taitron's annual dividend target is $0.20 per share, paid in quarterly installments of $0.05.

Who is eligible for Taitron's (TAIT) upcoming dividend payment?

Stockholders of record as of the close of business on August 16, 2024, are eligible for Taitron's upcoming dividend payment.

Can Taitron's (TAIT) dividend policy be changed or suspended?

Yes, Taitron's Board of Directors has the discretion to suspend or cancel the dividend policy at any time based on their assessment of its benefits to stockholders.