Highway (NASDAQ:HIHO – Get Free Report) released its quarterly earnings data on Tuesday. The industrial products company reported $0.02 EPS for the quarter, Zacks reports. Highway had a negative net margin of 10.36% and a positive return on equity of 1.52%.
Highway Stock Performance
Highway stock opened at $1.89 on Thursday. The firm has a 50-day moving average price of $1.94 and a 200-day moving average price of $1.92. Highway has a 12-month low of $1.70 and a 12-month high of $2.88.
Highway Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Thursday, December 12th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, December 12th. This represents a $0.20 annualized dividend and a yield of 10.58%. This is a positive change from Highway’s previous quarterly dividend of $0.02. Highway’s dividend payout ratio (DPR) is -117.65%.
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.
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