Highway Holdings Limited (NASDAQ:HIHO) Announces Dividend Increase – $0.05 Per Share

Highway Holdings Limited (NASDAQ:HIHO) announced 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 annualized dividend and a dividend yield of 10.20%. The ex-dividend date is Thursday, December 12th. This is an increase 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 Trading Up 0.5 %

Shares of NASDAQ:HIHO opened at $1.96 on Wednesday. Highway has a 1 year low of $1.70 and a 1 year high of $2.88. The business has a fifty day simple moving average of $1.92 and a 200 day simple moving average of $1.98.

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

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.