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

Highway Holdings Limited (NASDAQ:HIHO) announced a quarterly dividend on Tuesday, September 24th, Zacks reports. Shareholders 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 yield of 4.27%. The ex-dividend date of this dividend is Friday, October 4th.

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

Highway Trading Down 0.9 %

Shares of Highway stock opened at $1.87 on Wednesday. Highway has a twelve month low of $1.70 and a twelve month high of $2.36. The business’s 50 day simple moving average is $1.87 and its 200-day simple moving average is $2.03.

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

About Highway

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.