Highway Holdings Declares Cash Dividend of $0.05 per Share; Follows $0.20 per Share Already Paid in 2022

Rhea-AI Summary

Highway Holdings Limited (Nasdaq: HIHO) has declared a new cash dividend of $0.05 per common share, payable on January 5, 2023, to shareholders of record by December 15, 2022. This latest dividend follows two previous payments totaling $0.20 in 2022. Chairman Roland Kohl stated that this declaration reflects the company's financial strength and commitment to enhancing shareholder value.

Positive

• Declaration of a cash dividend of $0.05 per share, reflecting strong financial performance.
• Total dividends paid in 2022 amounting to $0.25 per share, signaling ongoing income for shareholders.

Negative

• None.

HONG KONG, Nov. 15, 2022 /PRNewswire/ -- Highway Holdings Limited (Nasdaq: HIHO, "the Company" or "Highway Holdings") today announced the Company's Board of Directors has declared a new cash dividend of $0.05 per common share. The latest dividend will be paid on January 5, 2023 to shareholders of record on December 15, 2022. The Company has already paid $0.20 per share in 2022 through two previous dividends.

Roland Kohl, chairman, president and chief executive officer of Highway Holdings, commented, "The dividend declaration is a direct reflection of the Company's financial strength and is another step in our ongoing efforts to build shareholder value."

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 website 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 dividend amount declared by Highway Holdings (HIHO)?

Highway Holdings (HIHO) has declared a cash dividend of $0.05 per common share.

When will the dividend be paid to shareholders of Highway Holdings (HIHO)?

The dividend will be paid on January 5, 2023, to shareholders of record on December 15, 2022.

How much has Highway Holdings (HIHO) paid in dividends during 2022?

Highway Holdings (HIHO) has paid a total of $0.25 in dividends during 2022, including this latest declaration.

What does the dividend declaration indicate about Highway Holdings (HIHO)?

The dividend declaration indicates the company's financial strength and commitment to building shareholder value.