Highway Holdings' Stock Inches Higher on Interim Dividend
The stock in Highway Holdings Ltd. (Nasdaq: HIHO) inched 1% higher on Monday afternoon after the company declared an interim dividend.
In a statement today, the Hong Kong-based company said it will pay out 8 cents per share on April 6 to stockholders of record as of March 31.
In response to the news, shares in Highway Holdings rose 2 cents intraday on Monday, to $2.09 apiece.
Highway Holdings makes machine components and electronics for various brands. Last week, the company, which has factories in Shenzhen and Yangon, posted improved financials for the year-end quarter.