Highway Holdings Limited (HIHO) To Go Ex-Dividend on August 10th

Highway Holdings Limited (NASDAQ:HIHO) declared a special dividend on Monday, July 27th. Stockholders of record on Monday, August 10th will be paid a dividend of 0.05 per share by the industrial products company on Tuesday, September 22nd. The ex-dividend date of this dividend is Monday, August 10th.

Highway has decreased its dividend by an average of 1.0%per year over the last three years.

Highway Trading Up 7.8%

NASDAQ HIHO opened at $1.10 on Friday. The company has a quick ratio of 1.78, a current ratio of 2.42 and a debt-to-equity ratio of 0.07. Highway has a twelve month low of $0.60 and a twelve month high of $2.21. The company has a market cap of $5.09 million, a price-to-earnings ratio of -3.44 and a beta of 0.49. The business’s fifty day moving average is $0.88 and its 200 day moving average is $0.87.

Highway Company Profile

Highway 33 Acquisition Corp. (NASDAQ: HIHO) is a special purpose acquisition company formed to raise capital through an initial public offering for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase or similar business combination with one or more businesses. As a blank?check vehicle, the company does not have commercial operations of its own but instead seeks to partner with an established private company to bring it public through a business combination.

Since completing its initial public offering in 2021, the company has focused on identifying target businesses in growth?oriented industries, including technology, consumer products and specialty manufacturing.