Taitron Announces Quarterly Cash Dividend Increase of 16.7%
01 Novembre 2019 - 9:05PM
Taitron Components Incorporated (NASDAQ:TAIT) today announced that
its Board of Directors has declared a quarterly cash dividend of
$0.035 per share of common stock, payable on November 29, 2019 to
stockholders of record as of the close of business on November 15,
2019. Under our revised dividend policy, the Company will now
target a cash dividend to our stockholders in the amount of $0.14
per share per annum, payable in equal $0.035 per share quarterly
installments. This effectively increases by 16.7% our
quarterly cash dividends from $0.03 per share to $0.035 per share.
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.
Safe Harbor Statement
Statements contained in the exhibit to this report
that state the Company’s or its management’s expectations or
predictions of the future are forward-looking statements intended
to be covered by the safe harbor provisions of the Securities Act
of 1933, as amended, and the Securities Exchange Act of 1934, as
amended. It is important to note that the Company’s actual
results could differ materially from those projected in such
forward-looking statements. Factors that could affect those results
include those mentioned in the documents that the Company has filed
with the Securities and Exchange Commission.
CONTACTS:
Taitron Components IncorporatedDavid Vanderhorst –
ph 661-257-6060
Taitron Components (NASDAQ:TAIT)
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