Highway Holdings Declares $0.05 Cash Dividend per Share

Rhea-AI Summary

Highway Holdings Limited (Nasdaq: HIHO) announced a cash dividend of $0.05 per common share, to be paid on December 23, 2023. The dividend is for shareholders of record on November 30, 2023. Roland Kohl, chairman, president, and CEO, expressed confidence in the company's financial strength despite recent challenges.

Positive

• The company's decision to issue a cash dividend demonstrates its commitment to rewarding shareholders.
• Roland Kohl's confidence in the company's financial strength despite recent challenges signals resilience and stability.

Negative

• None.

HONG KONG, Nov. 16, 2023 /PRNewswire/ -- Highway Holdings Limited (Nasdaq: HIHO, "the Company" or "Highway Holdings") today announced the Company's Board of Directors declared a cash dividend of $0.05 per common share. The dividend will be paid on December 23, 2023 to shareholders of record on November 30, 2023.

Roland Kohl, chairman, president and chief executive officer of Highway Holdings, commented, "We are pleased to be rewarding all shareholders despite the very difficult business environment the past few quarters. The Company has maintained its financial strength and we are confident about its long-term business."

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.

View original content:https://www.prnewswire.com/news-releases/highway-holdings-declares-0-05-cash-dividend-per-share-301989985.html

SOURCE Highway Holdings Limited

FAQ

What is the dividend amount declared by Highway Holdings Limited?

Highway Holdings Limited declared a cash dividend of $0.05 per common share.

When will the dividend be paid to shareholders?

The dividend will be paid on December 23, 2023.

Who is the chairman, president, and CEO of Highway Holdings Limited?

Roland Kohl serves as the chairman, president, and CEO of Highway Holdings.

What is the record date for shareholders to receive the dividend?

Shareholders of record on November 30, 2023, will receive the dividend.