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

Highway Holdings Limited (NASDAQ:HIHO) announced a special dividend on Monday, July 27th. Investors of record on Saturday, August 8th 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 Friday, August 7th.

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

Highway Stock Up 8.7%

NASDAQ HIHO traded up $0.09 during mid-day trading on Monday, reaching $1.13. The stock had a trading volume of 856,407 shares, compared to its average volume of 805,909. Highway has a 1 year low of $0.60 and a 1 year high of $2.21. The stock has a market cap of $5.23 million, a PE ratio of -3.53 and a beta of 0.49. The company has a fifty day moving average price of $0.83 and a 200 day moving average price of $0.88. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.23 and a quick ratio of 1.78.

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.