Highway (NASDAQ:HIHO – Get Free Report) issued its quarterly earnings data 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 Price Performance
Shares of NASDAQ:HIHO opened at $1.93 on Tuesday. The company’s 50 day simple moving average is $1.94 and its 200 day simple moving average is $1.92. Highway has a 1 year low of $1.70 and a 1 year high of $2.88.
Highway Increases Dividend
The company also recently announced 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 a positive change from Highway’s previous quarterly dividend of $0.02. This represents a $0.20 annualized dividend and a yield of 10.39%. The ex-dividend date was Thursday, December 12th. Highway’s dividend payout ratio (DPR) is currently -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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