Shares of Highway Holdings Limited (NASDAQ:HIHO – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.93 and traded as high as $1.96. Highway shares last traded at $1.93, with a volume of 16,692 shares traded.
Highway Price Performance
The firm’s fifty day moving average price is $1.94 and its 200 day moving average price is $1.93.
Highway Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Thursday, December 12th were issued a $0.05 dividend. 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. This is an increase from Highway’s previous quarterly dividend of $0.02. Highway’s payout ratio is -166.67%.
Highway Company Profile
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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