Highway Holdings Declares $0.02 Cash Dividend per Share; Company Sets Dividend Record and Distribution Dates

Rhea-AI Summary

Highway Holdings (Nasdaq: HIHO) has announced a cash dividend of $0.02 per common share. The dividend will be paid on October 11, 2024 to shareholders of record on October 4, 2024. Roland Kohl, chairman, president and CEO of Highway Holdings, expressed satisfaction with the company's consistent track record of returning capital to shareholders. He noted that while the company has not fully recovered to pre-COVID business levels, there are signs of improvement. Kohl highlighted the company's maintained financial strength and expressed confidence in its long-term prospects and ability to build on positive momentum through 2024.

Positive

• Declared a cash dividend of $0.02 per common share
• Maintained long track record of returning capital to shareholders
• Company has maintained financial strength
• Signs of business improvement observed

Negative

• Business levels have not fully returned to pre-COVID levels

HONG KONG, Sept. 24, 2024 /PRNewswire/ -- Highway Holdings Limited (Nasdaq: HIHO, "the Company" or "Highway Holdings") today announced the Company's Board of Directors declared a cash dividend of $0.02 per common share. The dividend will be paid on October 11, 2024 to shareholders of record on October 4, 2024.

Roland Kohl, chairman, president and chief executive officer of Highway Holdings, commented, "We are pleased to maintain our long track record of consistently returning capital to shareholders while focusing on unlocking greater value in both up and down markets. Although we have not fully returned to pre-COVID business levels, we are seeing signs of improvement. The Company has maintained its financial strength, boosting our confidence in our long-term prospects and our ability to build on the positive momentum as we move through 2024."

About Highway Holdings Limited

Highway Holdings is an international manufacturer of a wide variety of quality parts and products for blue chip equipment manufacturers based primarily in Germany. Highway Holdings' administrative offices are located in Hong Kong and its manufacturing facilities are located in Yangon, Myanmar and Shenzhen, China. For more information, visit the Company's website at www.highwayholdings.com.

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements which involve risks and uncertainties, including but not limited to economic, competitive, governmental, political and technological factors affecting the company's revenues, operations, markets, products and prices, and other factors discussed in the company's various filings with the Securities and Exchange Commission, including without limitation, the company's annual reports on Form 20-F.

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SOURCE Highway Holdings Limited

FAQ

What is the amount of Highway Holdings' (HIHO) latest dividend?

Highway Holdings (HIHO) has declared a cash dividend of $0.02 per common share.

When is the record date for Highway Holdings' (HIHO) dividend?

The record date for Highway Holdings' (HIHO) dividend is October 4, 2024.

What is the payment date for Highway Holdings' (HIHO) dividend?

The payment date for Highway Holdings' (HIHO) dividend is October 11, 2024.

Has Highway Holdings (HIHO) fully recovered to pre-COVID business levels?

No, Highway Holdings (HIHO) has not fully returned to pre-COVID business levels, but they are seeing signs of improvement.