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 May 30, 2025, to stockholders of record as of May 16, 2025. Under the current dividend policy, the company targets an annual dividend of $0.20 per share, distributed in equal quarterly installments of $0.05. The Board of Directors maintains discretion over future dividend declarations and may suspend or cancel the dividend policy based on their assessment of the company's best interests.

Positive

• Consistent quarterly dividend payment of $0.05 per share maintained
• Clear dividend policy with annual target of $0.20 per share

Negative

• None.

LOS ANGELES, May 02, 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 May 30, 2025 to stockholders of record as of the close of business on May 16, 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?

Taitron's next dividend payment date is May 30, 2025, for stockholders of record as of May 16, 2025.

How much is Taitron's quarterly dividend per share?

Taitron pays a quarterly dividend of $0.05 per share.

What is TAIT's annual dividend target?

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

Can Taitron's dividend policy be changed or suspended?

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.