Taitron Components Inc. - (TAIT) Declares $0.05 Dividend
Taitron Components Inc. - said on April 28, 2023 that its board of directors declared a regular quarterly dividend of $0.05 per share ($0.20 annualized). Previously, the company paid $0.05 per share.
Shares must be purchased before the ex-div date of May 11, 2023 to qualify for the dividend. Shareholders of record as of May 12, 2023 will receive the payment on May 31, 2023.
At the current share price of $3.68 / share, the stock's dividend yield is 5.43%.
Looking back five years and taking a sample every week, the average dividend yield has been 4.91%, the lowest has been 1.96%, and the highest has been 7.27%. The standard deviation of yields is 0.96 (n=236).
The current dividend yield is 0.55 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.37. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.43%, demonstrating that it has increased its dividend over time.
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What is the Fund Sentiment?
There are 26 funds or institutions reporting positions in Taitron Components Inc. -. This is an increase of 1 owner(s) or 4.00% in the last quarter. Average portfolio weight of all funds dedicated to TAIT is 0.02%, a decrease of 1.81%. Total shares owned by institutions increased in the last three months by 3.70% to 1,043K shares.
What are Other Shareholders Doing?
Renaissance Technologies holds 322K shares representing 5.37% ownership of the company. In it's prior filing, the firm reported owning 335K shares, representing a decrease of 4.24%. The firm decreased its portfolio allocation in TAIT by 16.36% over the last quarter.
Noesis Capital Mangement holds 307K shares representing 5.12% ownership of the company. In it's prior filing, the firm reported owning 247K shares, representing an increase of 19.54%. The firm increased its portfolio allocation in TAIT by 3.83% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 126K shares representing 2.10% ownership of the company. No change in the last quarter.
Bridgeway Capital Management holds 78K shares representing 1.30% ownership of the company. No change in the last quarter.
BRUSX - Ultra-Small Company Fund Class N holds 68K shares representing 1.14% ownership of the company. No change in the last quarter.
Taitron Components Background Information
(This description is provided by the company.)
Taitron Components Incorporated distributes a wide variety of transistors, diodes, and other discrete semiconductors, optoelectronic devices, and passive components. The Company distributes these products to electronic distributors, original equipment manufacturers, and contract electronic manufacturers who incorporate the components in their products.
This story originally appeared on Fintel.