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

Highway Holdings Limited (NASDAQ:HIHO) announced a quarterly dividend on Thursday, November 16th, RTT News reports. Stockholders of record on Thursday, November 30th will be paid a dividend of 0.05 per share by the industrial products company on Saturday, December 23rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 10.05%.

Highway Price Performance

HIHO opened at $1.99 on Thursday. The firm has a market cap of $8.74 million, a P/E ratio of -6.63 and a beta of 0.33. Highway has a 1-year low of $1.80 and a 1-year high of $3.08. The company has a 50 day simple moving average of $2.02 and a two-hundred day simple moving average of $2.13.

Highway (NASDAQ:HIHO) last posted its quarterly earnings results on Friday, October 20th. The industrial products company reported ($0.08) earnings per share for the quarter. The firm had revenue of $1.35 million during the quarter. Highway had a negative return on equity of 13.60% and a negative net margin of 17.30%.

Wall Street Analyst Weigh In

Separately, TheStreet downgraded Highway from a “c-” rating to a “d+” rating in a research report on Tuesday, August 8th.

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.