Highway Holdings Declares $0.02 Cash Dividend per Share; Company Sets Dividend Record and Distribution Dates
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.
Highway Holdings (Nasdaq: HIHO) ha annunciato un dividendo in contante di $0,02 per azione ordinaria. Il dividendo sarà pagato il 11 ottobre 2024 agli azionisti registrati il 4 ottobre 2024. Roland Kohl, presidente, amministratore delegato e CEO di Highway Holdings, ha espresso soddisfazione per il costante record dell'azienda nel restituire capitale agli azionisti. Ha notato che, sebbene l'azienda non abbia ancora recuperato completamente i livelli di business pre-COVID, ci sono segnali di miglioramento. Kohl ha sottolineato la solidità finanziaria dell'azienda e ha espresso fiducia nelle prospettive a lungo termine e nella capacità di costruire su una crescita positiva fino al 2024.
Highway Holdings (Nasdaq: HIHO) ha anunciado un dividendo en efectivo de $0.02 por acción común. El dividendo se pagará el 11 de octubre de 2024 a los accionistas registrados el 4 de octubre de 2024. Roland Kohl, presidente y CEO de Highway Holdings, expresó su satisfacción con el historial constante de la empresa de devolver capital a los accionistas. Señaló que aunque la empresa no ha recuperado plenamente los niveles de negocio previos a COVID, hay señales de mejora. Kohl destacó la solidez financiera mantenida de la empresa y expresó confianza en sus perspectivas a largo plazo y en su capacidad para construir sobre el impulso positivo a lo largo de 2024.
하이웨이 홀딩스(Nasdaq: HIHO)는 보통주에 대해 $0.02의 현금 배당금을 발표했습니다. 배당금은 2024년 10월 11일에 2024년 10월 4일 기준 주주에게 지급됩니다. 하이웨이 홀딩스의 회장 겸 CEO인 롤란드 콜은 주주에게 자본을 지속적으로 반환해 온 회사의 일관된 실적에 만족감을 표명했습니다. 그는 회사가 COVID 이전의 비즈니스 수준으로 완전히 회복되지 않았지만, 개선의 신호가 있다고 언급했습니다. 콜은 회사의 재무 건전성을 강조하며 2024년까지 긍정적인 모멘텀을 구축할 수 있는 장기적인 전망에 대한 확신을 표명했습니다.
Highway Holdings (Nasdaq: HIHO) a annoncé un dividende en espèces de 0,02 $ par action ordinaire. Le dividende sera versé le 11 octobre 2024 aux actionnaires enregistrés le 4 octobre 2024. Roland Kohl, président et PDG de Highway Holdings, a exprimé sa satisfaction quant à l'historique constant de l'entreprise dans le retour de capital aux actionnaires. Il a noté que, bien que l'entreprise ne soit pas encore complètement revenue aux niveaux d'activité d'avant COVID, il y a des signes d'amélioration. Kohl a souligné la solidité financière maintenue de l'entreprise et a exprimé sa confiance dans ses perspectives à long terme et sa capacité à capitaliser sur l'élan positif jusqu'en 2024.
Highway Holdings (Nasdaq: HIHO) hat eine Bardividende von $0,02 pro Stammaktie angekündigt. Die Dividende wird am 11. Oktober 2024 an Aktionäre gezahlt, die am 4. Oktober 2024 im Aktienregister stehen. Roland Kohl, Vorsitzender, Präsident und CEO von Highway Holdings, drückte seine Zufriedenheit über die konstante Erfolgsbilanz des Unternehmens bei der Rückzahlung von Kapital an die Aktionäre aus. Er stellte fest, dass das Unternehmen sich zwar noch nicht vollständig von den Geschäftsniveaus vor COVID erholt hat, es jedoch Anzeichen für Verbesserungen gibt. Kohl betonte die aufrechterhaltene Finanzstärke des Unternehmens und äußerte Vertrauen in dessen langfristige Perspektiven und die Fähigkeit, bis 2024 auf einem positiven Schwung aufzubauen.
- 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
- Business levels have not fully returned to pre-COVID levels
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,
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
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