Highway Holdings Limited (NASDAQ:HIHO – Get Free Report)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.93 and traded as high as $1.96. Highway shares last traded at $1.93, with a volume of 16,692 shares.
Highway Trading Up 0.5 %
The company’s 50-day simple moving average is $1.94 and its 200 day simple moving average is $1.93.
Highway Increases Dividend
The company also recently declared 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. This represents a $0.20 annualized dividend and a dividend yield of 10.39%. This is a positive change from Highway’s previous quarterly dividend of $0.02. The ex-dividend date was Thursday, December 12th. Highway’s dividend payout ratio is presently -166.67%.
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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