Highway Holdings Limited to Issue Quarterly Dividend of $0.05 (NASDAQ:HIHO)

Highway Holdings Limited (NASDAQ:HIHO) announced a quarterly dividend on Tuesday, April 2nd, Zacks reports. Stockholders of record on Monday, April 22nd will be given a dividend of 0.05 per share by the industrial products company on Friday, May 3rd. This represents a $0.20 annualized dividend and a dividend yield of 9.35%. The ex-dividend date of this dividend is Friday, April 19th.

Highway has decreased its dividend payment by an average of 5.9% per year over the last three years.

Highway Trading Down 2.3 %

Shares of NASDAQ:HIHO opened at $2.14 on Wednesday. The business’s fifty day moving average price is $2.10 and its two-hundred day moving average price is $2.04. Highway has a one year low of $1.80 and a one year high of $3.08.

Highway (NASDAQ:HIHO) last posted its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.07 EPS for the quarter. Highway had a negative return on equity of 12.14% and a negative net margin of 11.19%. The business had revenue of $4.11 million for the quarter.

Highway Company Profile

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.