Taitron Announces Quarterly Cash Dividend

Rhea-AI Summary

Taitron Components (NASDAQ:TAIT) has announced a quarterly cash dividend of $0.05 per share of common stock. The dividend will be payable on February 28, 2025, to stockholders of record as of February 14, 2025. The company's current dividend policy targets an annual distribution of $0.20 per share, paid in quarterly installments of $0.05.

The Board of Directors maintains discretion over future dividend declarations, including record and payment dates. The policy is subject to the Board's ongoing assessment of stockholders' best interests and may be suspended or cancelled at their discretion.

Positive

• Consistent quarterly dividend payment of $0.05 per share maintained
• Clear commitment to annual dividend target of $0.20 per share

Negative

• Dividend policy subject to potential suspension or cancellation at Board's discretion

LOS ANGELES, Jan. 31, 2025 (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, 2025 to stockholders of record as of the close of business on February 14, 2025. 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 – T: 661-257-6060

FAQ

When is TAIT's next dividend payment date in 2025?

Taitron's next dividend payment is scheduled for February 28, 2025.

What is the record date for TAIT's Q1 2025 dividend?

The record date for Taitron's Q1 2025 dividend is February 14, 2025.

How much is TAIT's quarterly dividend per share in 2025?

Taitron's quarterly dividend is $0.05 per share.

What is TAIT's annual dividend target for shareholders?

Taitron targets an annual dividend of $0.20 per share, paid in quarterly installments of $0.05.

Can TAIT's dividend policy be suspended or cancelled?

Yes, the Board of Directors can suspend or cancel the dividend policy at their discretion based on their assessment of the company's best interests.