Taitron Announces Quarterly Cash Dividend
January 28 2022 - 4:01PM
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 February 28, 2022 to
stockholders of record as of the close of business on February 11,
2022. 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.
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 Incorporated
David Vanderhorst – ph 661-257-6060
Taitron Components (NASDAQ:TAIT)
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