Highway Holdings Limited (HIHO) To Go Ex-Dividend on December 12th

Highway Holdings Limited (NASDAQ:HIHO) declared a quarterly dividend on Monday, November 11th,RTT News reports. Investors of record on Thursday, December 12th will be paid a dividend of 0.05 per share by the industrial products company on Tuesday, December 24th. This represents a $0.20 dividend on an annualized basis and a yield of 10.20%. The ex-dividend date of this dividend is Thursday, December 12th. This is a positive change from Highway’s previous quarterly dividend of $0.02.

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

Highway Price Performance

Shares of HIHO stock opened at $1.96 on Wednesday. The business has a 50 day simple moving average of $1.92 and a 200 day simple moving average of $1.98. Highway has a 12-month low of $1.70 and a 12-month high of $2.88.

Highway (NASDAQ:HIHO) last issued its quarterly earnings results on Thursday, October 10th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $2.12 million during the quarter. Highway had a positive return on equity of 4.49% and a negative net margin of 5.79%.

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.