Taitron Components declares a quarterly dividend of $0.05 per share, payable February 28, 2025. Annual target: $0.20.
Quiver AI Summary
Taitron Components Incorporated has announced a quarterly cash dividend of $0.05 per share, payable on February 28, 2025, to stockholders recorded as of February 14, 2025. The company aims for an annual dividend of $0.20 per share, disbursed in quarterly installments of $0.05. Future dividends will depend on the Board of Directors' assessment of their benefits to shareholders and can be suspended or canceled at any time. Taitron, based in Valencia, California, supplies a wide range of electronic components and offers engineering and manufacturing services to various industry clients.
Potential Positives
- Taitron Components Incorporated declared a quarterly cash dividend of $0.05 per share, signaling financial stability and commitment to returning value to shareholders.
- The company's target of a $0.20 annual dividend indicates a proactive approach to shareholder value and demonstrates confidence in future earnings potential.
- The announcement reflects Taitron's long-term business strategy aimed at maintaining and strengthening relationships with shareholders.
- Expanding their services with value-added engineering and turn-key solutions highlights Taitron's adaptability and strategic positioning in the electronics distribution market.
Potential Negatives
- The ability of the Board of Directors to suspend or cancel the dividend at any time suggests instability in the company's financial health and may concern investors about the sustainability of dividends.
- The dividend amount of $0.05 per share may indicate limited profitability or cash flow, especially if compared to dividends offered by competitors in the industry.
- The statement about future dividends being subject to the Board's discretion may lead to uncertainty among investors regarding future returns on their investments.
FAQ
What is the amount of Taitron's quarterly cash dividend?
Taitron has declared a quarterly cash dividend of $0.05 per share of common stock.
When will the Taitron dividend be paid?
The dividend will be payable on February 28, 2025, to stockholders of record as of February 14, 2025.
How often does Taitron pay dividends?
Taitron pays dividends quarterly, targeting a total cash dividend of $0.20 per share per annum.
Can Taitron suspend its dividend payments?
Yes, Taitron's Board of Directors may suspend or cancel the dividend policy at their discretion.
What products does Taitron Components distribute?
Taitron distributes a variety of discrete semiconductors including transistors, diodes, optoelectronic devices, and passive components.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$TAIT Hedge Fund Activity
We have seen 7 institutional investors add shares of $TAIT stock to their portfolio, and 8 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- NOESIS CAPITAL MANGEMENT CORP removed 48,800 shares (-18.5%) from their portfolio in Q3 2024, for an estimated $142,008
- SOLTIS INVESTMENT ADVISORS LLC added 21,622 shares (+inf%) to their portfolio in Q4 2024, for an estimated $55,691
- DIMENSIONAL FUND ADVISORS LP added 17,826 shares (+47.3%) to their portfolio in Q3 2024, for an estimated $51,873
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 10,667 shares (+inf%) to their portfolio in Q3 2024, for an estimated $31,040
- CITADEL ADVISORS LLC removed 10,123 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $29,457
- RENAISSANCE TECHNOLOGIES LLC removed 10,096 shares (-3.6%) from their portfolio in Q3 2024, for an estimated $29,379
- UBS GROUP AG removed 4,318 shares (-99.0%) from their portfolio in Q3 2024, for an estimated $12,565
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
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