Highway (NASDAQ:HIHO – Get Free Report) issued its earnings results on Tuesday. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, Zacks reports. Highway had a negative net margin of 5.79% and a positive return on equity of 4.49%.
Highway Trading Up 0.5 %
NASDAQ:HIHO opened at $1.93 on Tuesday. The business’s 50-day simple moving average is $1.94 and its 200-day simple moving average is $1.92. Highway has a fifty-two week low of $1.70 and a fifty-two week high of $2.88.
Highway Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Thursday, December 12th were issued a $0.05 dividend. This is an increase from Highway’s previous quarterly dividend of $0.02. This represents a $0.20 annualized dividend and a dividend yield of 10.39%. The ex-dividend date of this dividend was Thursday, December 12th. Highway’s dividend payout ratio is -166.67%.
About Highway
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.
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