Taitron Announces Quarterly Cash Dividend
February 03 2017 - 05:50PM
Taitron Components Incorporated (NASDAQ:TAIT) today announced
that its Board of Directors has declared a quarterly cash dividend
of $0.025 per share of common stock, payable on February 28, 2017
to stockholders of record as of the close of business on February
13, 2017. Under our existing dividend policy, the Company
will target a cash dividend to our stockholders in the amount of
$0.10 per share per annum, payable in equal $0.025 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.
Future dividend declarations and the establishment of record and
payment dates for 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 Incorporated
David Vanderhorst
661-257-6060
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