Highway (NASDAQ:HIHO) Issues Earnings Results

Highway (NASDAQ:HIHO) announced its earnings results on Tuesday. The industrial products company reported $0.02 EPS for the quarter, Zacks reports. Highway had a negative net margin of 10.36% and a positive return on equity of 1.52%.

Highway Price Performance

Shares of NASDAQ HIHO opened at $1.89 on Thursday. The firm has a fifty day moving average price of $1.94 and a 200-day moving average price of $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 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 of this dividend 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 10.58%. Highway’s dividend payout ratio is -117.65%.

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.