Highway Holdings Limited (HIHO) to Distribute Special Dividend of $0.05 on September 22nd

Highway Holdings Limited (NASDAQ:HIHO) declared a special dividend on Monday, July 27th. Investors of record on Saturday, August 8th will be paid a dividend of 0.05 per share by the industrial products company on Tuesday, September 22nd. The ex-dividend date of this dividend is Friday, August 7th.

Highway has decreased its dividend payment by an average of 1.0%per year over the last three years.

Highway Stock Performance

Highway stock opened at $1.09 on Wednesday. The firm has a fifty day simple moving average of $0.84 and a two-hundred day simple moving average of $0.87. The company has a quick ratio of 1.78, a current ratio of 2.23 and a debt-to-equity ratio of 0.07. Highway has a twelve month low of $0.60 and a twelve month high of $2.21. The company has a market capitalization of $5.05 million, a PE ratio of -3.41 and a beta of 0.49.

Highway Company Profile

Highway 33 Acquisition Corp. (NASDAQ: HIHO) is a special purpose acquisition company formed to raise capital through an initial public offering for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase or similar business combination with one or more businesses. As a blank‐check vehicle, the company does not have commercial operations of its own but instead seeks to partner with an established private company to bring it public through a business combination.

Since completing its initial public offering in 2021, the company has focused on identifying target businesses in growth‐oriented industries, including technology, consumer products and specialty manufacturing.