Taitron Components: Dividend Insights
Portfolio Pulse from Benzinga Insights
Taitron Components (NASDAQ:TAIT) has announced a quarterly dividend of 5 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 5 cents lower. Shareholders who own TAIT as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on November 30, 2023.
November 06, 2023 | 2:45 pm
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Taitron Components has announced a quarterly dividend of 5 cents per share. The stock will likely open 5 cents lower on the ex-dividend date.
The announcement of a dividend typically leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, on the ex-dividend date, the stock price usually drops by the amount of the dividend as the company's retained earnings decrease. In this case, TAIT's stock price is expected to drop by 5 cents on the ex-dividend date.
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