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

Highway Holdings Limited (NASDAQ:HIHO) announced a quarterly dividend on Tuesday, April 2nd, Zacks reports. Investors 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 dividend on an annualized basis and a dividend yield of 9.30%. The ex-dividend date of this dividend is Friday, April 19th.

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

Highway Price Performance

HIHO opened at $2.15 on Thursday. Highway has a 52 week low of $1.80 and a 52 week high of $3.08. The business’s fifty day simple moving average is $2.10 and its 200 day simple moving average is $2.04.

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

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.