Highway Holdings Limited (NASDAQ:HIHO) to Issue Quarterly Dividend of $0.02

by · The Markets Daily

Highway Holdings Limited (NASDAQ:HIHO – Get Free Report) announced a quarterly dividend on Tuesday, September 24th, Zacks reports. Stockholders of record on Friday, October 4th will be given a dividend of 0.02 per share by the industrial products company on Friday, October 11th. This represents a $0.08 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend is Friday, October 4th.

Highway has decreased its dividend by an average of 14.5% per year over the last three years.

Highway Stock Up 1.2 %

HIHO stock opened at $1.91 on Thursday. The firm has a market cap of $8.39 million, a price-to-earnings ratio of -7.96 and a beta of 0.03. The company’s fifty day simple moving average is $1.85 and its 200 day simple moving average is $2.02. Highway has a 12-month low of $1.70 and a 12-month high of $2.36.

Highway (NASDAQ:HIHO – Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.02 earnings per share (EPS) for the quarter. Highway had a positive return on equity of 4.08% and a negative net margin of 6.52%. The company had revenue of $1.88 million for the quarter.

About Highway

(Get Free Report)

Highway Holdings Limited, together with its subsidiaries, manufactures and supplies metal, plastic, electric, and electronic components, subassemblies, and finished products for original equipment manufacturers (OEMs) and contract manufacturers. It operates through two segments, Metal Stamping and Mechanical OEM; and Electric OEM.

See Also