Highway (NASDAQ:HIHO – Get Free Report) released its quarterly earnings data on Tuesday. The industrial products company reported $0.02 earnings per share for the quarter, Zacks reports. Highway had a positive return on equity of 4.49% and a negative net margin of 5.79%.
Highway Trading Up 0.3 %
Shares of HIHO opened at $1.93 on Wednesday. The company has a 50-day moving average of $1.94 and a two-hundred day moving average of $1.92. Highway has a one year low of $1.70 and a one year high of $2.88.
Highway Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Thursday, December 12th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 10.39%. The ex-dividend date of this dividend was Thursday, December 12th. This is an increase from Highway’s previous quarterly dividend of $0.02. Highway’s payout ratio is presently -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.
Read More
- Five stocks we like better than Highway
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- Teck Resources: America’s Ally in Rare Earth Elements
- Overbought Stocks Explained: Should You Trade Them?
- Best Buy’s Dividend Is a Bargain With Double-Digit Upside
- What Are Dividend Achievers? An Introduction
- SAP’s Strong Momentum: A Bullish Setup for Investors
Receive News & Ratings for Highway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Highway and related companies with MarketBeat.com's FREE daily email newsletter.
