TAITRON COMPONENTS INCORPORATED (NASDAQ:TAIT) Files An 8-K Regulation FD Disclosure
ITEM 7.01 Regulation FD Disclosure
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 May 31, 2017 to stockholders of record
as of May 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.
the Companys or its managements 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 Companys 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.
Press release dated May 5, 2017 announcing the Company
declared a quarterly cash dividend.
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. TAITRON COMPONENTS INCORPORATED (NASDAQ:TAIT) Recent Trading Information
TAITRON COMPONENTS INCORPORATED (NASDAQ:TAIT) closed its last trading session down -0.02 at 1.17 with 658 shares trading hands.