HONG KONG, Aug. 9, 2007 (PRIME NEWSWIRE) -- Highway Holdings Limited (Nasdaq:HIHO) today announced that its board of directors has declared a cash dividend of $0.035 per share on the company's common stock. The dividend will be paid September 8, 2007 to shareholders of record on August 28, 2007.
It is the company's policy to pay dividends when the company's financial conditions permit.
About Highway Holdings
Highway Holdings produces a wide variety of high-quality products for blue chip original equipment manufacturers -- from simple parts and components to sub-assemblies. It also manufactures finished products, such as LED Lights, radio chimes and other electronic products. Highway Holdings is headquartered in Hong Kong and operates four manufacturing facilities in the People's Republic of China.