Highway Holdings Limited (NASDAQ:HIHO) Increases Dividend to $0.10 Per Share

Highway Holdings Limited (NASDAQ:HIHO) declared a quarterly dividend on Tuesday, February 20th, RTT News reports. Shareholders of record on Wednesday, March 28th will be given a dividend of 0.10 per share by the industrial products company on Monday, April 16th. This represents a $0.40 dividend on an annualized basis and a yield of 8.60%. The ex-dividend date is Tuesday, March 27th. This is an increase from Highway’s previous quarterly dividend of $0.06.

Highway (NASDAQ:HIHO) traded down $0.05 during trading hours on Wednesday, hitting $4.65. The stock had a trading volume of 8,039 shares, compared to its average volume of 9,537. The company has a market capitalization of $17.68, a PE ratio of 16.79 and a beta of 0.31. Highway has a 52 week low of $3.10 and a 52 week high of $4.80.

Highway (NASDAQ:HIHO) last released its quarterly earnings results on Monday, February 5th. The industrial products company reported $0.10 earnings per share for the quarter. The company had revenue of $5.03 million for the quarter. Highway had a return on equity of 9.04% and a net margin of 5.21%. During the same quarter last year, the firm posted $0.07 earnings per share.

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About Highway

Highway Holdings Limited is a holding company. The Company manufactures and supplies various metal, plastic and electric parts, components and products to its original equipment manufacturing (OEM) clients, which are used by the Company’s customers in the manufacturing of products, such as photocopiers, laser printers, compact disc players, laser disc players, computer equipment, electrical components, electrical connectors, vacuum cleaners, light fixtures, electro motors, pumps, automobiles and dishwasher, and other washing machine components.

Dividend History for Highway (NASDAQ:HIHO)

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