Taitron Components Incorporated announced that Board of Directors authorized a quarterly cash dividend in the amount of $0.035 per share of Class A and Class B issued and outstanding common stock. The dividend will be paid on February 28, 2020 to stockholders of record as of February 14, 2020. Under revised dividend policy, the Company will now target a cash dividend to stockholders in the amount of $0.14 per share per annum, payable in equal $0.035 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.