Highway Holdings Limited (HIHO) To Go Ex-Dividend on April 19th

Highway Holdings Limited (NASDAQ:HIHO) declared 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 9.35%. The ex-dividend date is Friday, April 19th.

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

Highway Trading Down 2.3 %

Shares of Highway stock opened at $2.14 on Wednesday. The firm’s 50-day moving average is $2.10 and its two-hundred day moving average is $2.04. Highway has a 1 year low of $1.80 and a 1 year high of $3.08.

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

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.