Taitron, based in Valencia, California, is the “Discrete Components Superstore”. The dividend policy may be suspended or cancelled at the discretion of the Board of Directors at any time. 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.
This effectively increases by 12.5% our quarterly cash dividends from $0.04 per share to $0.045 per share.
Under our revised dividend policy, the Company will now target a cash dividend to our stockholders in the amount of $0.18 per share per annum, payable in equal $0.045 per share quarterly installments. 29, 2021 (GLOBE NEWSWIRE) - Taitron Components Incorporated (NASDAQ:TAIT) today announced that its Board of Directors has declared a quarterly cash dividend of $0.045 per share of common stock, payable on Novemto stockholders of record as of the close of business on November 12, 2021.