Highway Holdings Limited Declares Special Dividend of $0.05 (NASDAQ:HIHO)

Highway Holdings Limited (NASDAQ:HIHO) declared a special dividend on Monday, July 27th. Stockholders of record on Saturday, August 8th will be given a dividend of 0.05 per share by the industrial products company on Tuesday, September 22nd. The ex-dividend date is Friday, August 7th.

Highway has decreased its dividend payment by an average of 1.0%per year over the last three years.

Highway Stock Performance

Shares of HIHO stock traded up $0.09 on Monday, reaching $1.13. The stock had a trading volume of 856,407 shares, compared to its average volume of 805,909. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.78 and a current ratio of 2.23. Highway has a 1 year low of $0.60 and a 1 year high of $2.21. The stock has a market cap of $5.23 million, a P/E ratio of -3.53 and a beta of 0.49. The company has a 50 day simple moving average of $0.83 and a 200 day simple moving average of $0.88.

Highway Company Profile

Highway 33 Acquisition Corp. (NASDAQ: HIHO) is a special purpose acquisition company formed to raise capital through an initial public offering for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase or similar business combination with one or more businesses. As a blank‐check vehicle, the company does not have commercial operations of its own but instead seeks to partner with an established private company to bring it public through a business combination.

Since completing its initial public offering in 2021, the company has focused on identifying target businesses in growth‐oriented industries, including technology, consumer products and specialty manufacturing.