Highway Holdings Limited (HIHO) to Issue Quarterly Dividend of $0.06
Highway Holdings Limited (NASDAQ:HIHO) declared a quarterly dividend on Monday, November 13th, RTT News reports. Investors of record on Friday, December 8th will be given a dividend of 0.06 per share by the industrial products company on Friday, December 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 6.78%.
Highway Holdings Limited (NASDAQ:HIHO) traded down $0.11 during trading hours on Monday, reaching $3.54. The company had a trading volume of 1,200 shares, compared to its average volume of 10,155. Highway Holdings Limited has a twelve month low of $3.10 and a twelve month high of $4.35. The firm has a market cap of $13.45, a price-to-earnings ratio of 22.11 and a beta of 0.16.
Separately, TheStreet lowered Highway Holdings Limited from a “b-” rating to a “c+” rating in a research report on Friday, August 25th.
About Highway Holdings Limited
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.
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