Highway Holdings Limited Declares Cash Dividend

Rhea-AI Summary

Highway Holdings Limited (Nasdaq: HIHO) has declared a cash dividend of $0.05 per share, to be paid on April 8, 2022. Shareholders of record on March 8, 2022 will qualify for this dividend. The company is recognized for its manufacturing of quality parts for leading equipment manufacturers primarily based in Germany, with operations in Hong Kong, Myanmar, and China.

Positive

• Cash dividend of $0.05 per share enhances shareholder value.
• Demonstrates confidence in company's financial health.

Negative

• None.

HONG KONG--(BUSINESS WIRE)-- Highway Holdings Limited (Nasdaq:HIHO) today announced its board of directors has declared a cash dividend of $0.05 per share on the company’s common stock. The dividend will be paid on April 8, 2022 to shareholders of record on March 8, 2022.

About Highway Holdings

Highway Holdings is an international manufacturer of a wide variety of quality parts 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.

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 source version on businesswire.com: https://www.businesswire.com/news/home/20220207005248/en/

Gary S. Maier

(310) 471-1288

Source: Highway Holdings Limited

FAQ

What is the dividend amount announced by HIHO?

HIHO announced a cash dividend of $0.05 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on April 8, 2022.

Who qualifies for the HIHO dividend?

Shareholders of record on March 8, 2022, qualify for the dividend.

What does Highway Holdings do?

Highway Holdings manufactures quality parts for blue chip equipment manufacturers primarily in Germany.