Highway Holdings Limited (HIHO) Increases Dividend to $0.10 Per Share
Highway Holdings Limited (NASDAQ:HIHO) declared a quarterly dividend on Wednesday, July 5th, RTT News reports. Stockholders of record on Friday, July 28th will be given a dividend of 0.10 per share by the industrial products company on Friday, August 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 11.43%. The ex-dividend date of this dividend is Wednesday, July 26th. This is an increase from Highway Holdings Limited’s previous quarterly dividend of $0.07.
Highway Holdings Limited (NASDAQ:HIHO) traded down 0.71% on Friday, hitting $3.50. 7,624 shares of the stock were exchanged. The company has a 50-day moving average of $3.78 and a 200 day moving average of $3.74. Highway Holdings Limited has a 12 month low of $3.10 and a 12 month high of $4.69. The firm has a market cap of $13.31 million, a P/E ratio of 23.03 and a beta of 0.20.
Highway Holdings Limited (NASDAQ:HIHO) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $5.31 million for the quarter. Highway Holdings Limited had a net margin of 2.94% and a return on equity of 5.10%.
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Separately, TheStreet cut shares of Highway Holdings Limited from a “b-” rating to a “c” rating in a research note on Friday, June 30th.
Highway Holdings Limited Company Profile
Highway Holdings Limited is a holding company. The Company manufactures and supplies various metal, plastic and electric parts, components and products to its original equipment manufacturing (OEM) clients, which are used by the Company’s customers in the manufacturing of products, such as photocopiers, laser printers, compact disc players, laser disc players, computer equipment, electrical components, electrical connectors, vacuum cleaners, light fixtures, electro motors, pumps, automobiles and dishwasher, and other washing machine components.
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