Taitron Components (NASDAQ:TAIT) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Taitron Components (NASDAQ:TAIT) in a research note published on Monday morning. The firm issued a hold rating on the stock.

Taitron Components Trading Down 0.5 %

Taitron Components stock opened at $2.77 on Monday. Taitron Components has a 1-year low of $2.57 and a 1-year high of $3.61. The firm has a market cap of $16.68 million, a P/E ratio of 12.04 and a beta of 0.49. The firm has a 50-day moving average of $2.86 and a 200-day moving average of $2.87.

Taitron Components Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, November 15th. This represents a $0.20 annualized dividend and a dividend yield of 7.22%. Taitron Components’s dividend payout ratio (DPR) is presently 86.96%.

About Taitron Components

Taitron Components Incorporated engages in the supply of original designed and manufactured (ODM) electronic components, and distribution of brand name electronic components. It distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components. The company also offers value-added engineering and turn-key solutions focusing on providing contract electronic manufacturers (CEMs) and original equipment manufacturers (OEMs) with ODM products for their turn-key projects.