Highway Holdings Declares $0.05 Cash Dividend per Share; Company Sets Dividend Record and Distribution Dates

Rhea-AI Summary

Highway Holdings (Nasdaq: HIHO) announced that its Board of Directors has declared a cash dividend of $0.05 per common share. The dividend will be distributed on December 24, 2024 to shareholders recorded as of December 12, 2024.

Positive

• Declared cash dividend of $0.05 per share, indicating ability to return value to shareholders
• Maintains dividend payment schedule, suggesting stable cash flow

Negative

• None.

HONG KONG, Nov. 11, 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 $0.05 per common share. The dividend will be paid on December 24, 2024 to shareholders of record on December 12, 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 dividend amount declared by Highway Holdings (HIHO) in November 2024?

Highway Holdings (HIHO) declared a cash dividend of $0.05 per common share in November 2024.

When is the record date for Highway Holdings (HIHO) dividend announced in November 2024?

The record date for Highway Holdings' dividend is December 12, 2024.

When will Highway Holdings (HIHO) pay its recently announced dividend?

Highway Holdings will pay the dividend on December 24, 2024.

What is the dividend payment schedule for Highway Holdings (HIHO) latest announcement?

Highway Holdings will pay $0.05 per share on December 24, 2024 to shareholders of record as of December 12, 2024.