Highway Holdings Limited (NASDAQ:HIHO) Announces $0.05 Quarterly Dividend

Highway Holdings Limited (NASDAQ:HIHO) announced a quarterly dividend on Tuesday, April 2nd, Zacks reports. Stockholders of record on Monday, April 22nd will be paid a dividend of 0.05 per share by the industrial products company on Friday, May 3rd. This represents a $0.20 annualized dividend and a dividend yield of 9.30%. The ex-dividend date is Friday, April 19th.

Highway has decreased its dividend payment by an average of 5.9% per year over the last three years.

Highway Stock Performance

HIHO opened at $2.15 on Thursday. The stock has a 50-day moving average of $2.10 and a 200 day moving average of $2.04. Highway has a 12 month low of $1.80 and a 12 month high of $3.08.

Highway (NASDAQ:HIHO) last released its earnings results on Thursday, February 1st. The industrial products company reported $0.07 earnings per share for the quarter. Highway had a negative return on equity of 12.14% and a negative net margin of 11.19%. The firm had revenue of $4.11 million for the quarter.

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.