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An announcement from Taitron Components Inc. (TAIT) is now available.
The Board of Directors of the Company has declared a quarterly cash dividend of $0.05 per share for both Class A and Class B common stock, to be paid on May 31, 2024, with a record date of May 17, 2024. This move is part of a strategy to distribute an annual dividend of $0.20 per share in quarterly installments. However, future dividends are discretionary and will depend on the Board’s assessment of what benefits the stockholders. The Company cautions that these plans are forward-looking and actual outcomes may differ due to various factors.
Learn more about TAIT stock on TipRanks’ Stock Analysis page.