TAITRON COMPONENTS INCORPORATED (NASDAQ:TAIT) Files An 8-K Regulation FD DisclosureITEM 7.01 Regulation FD Disclosure
On August 4, 2017, the Company’s Board of Directors authorized a quarterly cash dividend in the amount of $0.025 per share of Class A and Class B issued and outstanding common stock. The dividend will be paid on August 31, 2017 to stockholders of record as of August 15, 2017. A copy of the press release is furnished herewith as Exhibit 99.1. Under our existing dividend policy, the Company will target a cash dividend to our stockholders in the amount of $0.10 per share per annum, payable in equal $0.025 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.
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.
ITEM 9.01 Financial Statements and Exhibits
TAITRON COMPONENTS INC ExhibitEX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 28040 West Harrison Parkway,…To view the full exhibit click
About TAITRON COMPONENTS INCORPORATED (NASDAQ:TAIT)
Taitron Components Incorporated (Taitron) is a distributor of electronic components and supplier of original designed and manufactured (ODM) electronic components (ODM Components). The Company is engaged in the business of providing distribution and services for electronic components. The Company’s product offerings range from discrete semiconductors to electronic devices. The Company also offers engineering and services, focusing on providing contract electronic manufacturers (CEMs) and original equipment manufacturers (OEMs) with ODM services for their projects (ODM Projects). The Company offers ODM Components under the private label brand TCI through manufacturing partners. The Company’s products include Rectifiers, Diodes, Transistors, Optoelectronic Devices and Passive Components. The Company’s Taiwan and China locations provide support for inventory sourcing, purchases and coordinating the manufacture of its ODM Components and ODM Projects.