Highway (NASDAQ:HIHO) Posts Quarterly Earnings Results

Highway (NASDAQ:HIHO) posted its quarterly earnings data on Tuesday. The industrial products company reported $0.02 earnings per share for the quarter, Zacks reports. Highway had a negative net margin of 5.79% and a positive return on equity of 4.49%.

Highway Trading Up 0.5 %

HIHO opened at $1.93 on Tuesday. The stock’s 50-day moving average price is $1.94 and its 200 day moving average price is $1.92. Highway has a 12-month low of $1.70 and a 12-month high of $2.88. The firm has a market cap of $8.47 million, a price-to-earnings ratio of -16.04 and a beta of 0.04.

Highway Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Thursday, December 12th were paid a $0.05 dividend. The ex-dividend date was Thursday, December 12th. This is a boost from Highway’s previous quarterly dividend of $0.02. This represents a $0.20 dividend on an annualized basis and a dividend yield of 10.39%. 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.