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Friday, Jul 12, 2024

Taitron Declares First Dividend

Taitron Components Inc. will begin issuing this month its first ever dividend for shareholders, the company announced. The Valencia semiconductor and small electronic equipment developer and distributor will pay 2.5 cents on Feb. 28 to shareholders of record as of Feb. 13. The company has a policy targeting a dividend of 10 cents per year. Follow up dividend declarations and establishment of future payment dates are subject to the Taitron board determining the dividend policy that is in the best interests of the stockholders, the company said. Taitron announced the dividend after market close on Friday. Shares closed Monday down 1 cent, or just less than a percent, to $1.18 on the Nasdaq.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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