Taitron Announces Quarterly Cash Dividend
May 05 2017 - 4:15PM
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 May 31, 2017 to
stockholders of record as of the close of business on May 15,
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.
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.
CONTACT:
Taitron Components Incorporated
David Vanderhorst
661-257-6060
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