Taitron Announces Quarterly Cash Dividend
July 31 2020 - 4:15PM
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 August 31, 2020 to
stockholders of record as of the close of business on August 14,
2020. 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.
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 this release 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. The Company wishes
to caution readers that all forward-looking statements are
necessarily speculative and not to place undue reliance on
forward-looking statements, which speak only as of the date made,
and to advise readers that actual results could vary due to a
variety of risks and uncertainties, some of which are discussed in
the Company’s Annual Report on Form 10-K under the caption “Risk
Factors” and elsewhere in reports the Company files with the
Securities and Exchange Commission. Except as required by law, the
Company undertakes no obligation to update forward-looking
statements.
CONTACTS:
Taitron Components Incorporated
David Vanderhorst – ph 661-257-6060
Taitron Components (NASDAQ:TAIT)
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