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

Highway Holdings Limited (NASDAQ:HIHO) declared a quarterly dividend on Tuesday, September 24th, Zacks reports. Investors 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 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend is Friday, October 4th.

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

Highway Stock Performance

NASDAQ HIHO opened at $1.91 on Thursday. The firm’s fifty day moving average price is $1.85 and its two-hundred day moving average price is $2.02. The stock has a market cap of $8.39 million, a PE ratio of -7.96 and a beta of 0.03. Highway has a fifty-two week low of $1.70 and a fifty-two week high of $2.36.

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

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.