Taitron Announces Quarterly Cash Dividend

Rhea-AI Summary

Taitron Components (NASDAQ:TAIT) has declared a quarterly cash dividend of $0.05 per share, payable on November 27, 2024, to stockholders of record as of November 15, 2024. The company targets an annual dividend of $0.20 per share, distributed in quarterly $0.05 installments. The Board of Directors maintains discretion to modify, suspend, or cancel the dividend policy based on their assessment of stockholders' best interests.

Positive

• Consistent quarterly dividend payment of $0.05 per share
• 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, Nov. 01, 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 November 27, 2024 to stockholders of record as of the close of business on November 15, 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 November 27, 2024, for stockholders of record as of November 15, 2024.

How much is Taitron's (TAIT) quarterly dividend payment?

Taitron pays a quarterly dividend of $0.05 per share of common stock.

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

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

Can Taitron (TAIT) suspend its dividend payments?

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