Jerash Holdings (US), Inc. (JRSH) to Issue Quarterly Dividend of $0.05 on February 20th

Jerash Holdings (US), Inc. (NASDAQ:JRSH) declared a quarterly dividend on Tuesday, February 3rd. Stockholders of record on Friday, February 13th will be given a dividend of 0.05 per share on Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Friday, February 13th.

Jerash Holdings (US) has decreased its dividend by an average of 0.0%annually over the last three years. Jerash Holdings (US) has a payout ratio of 42.6% meaning its dividend is sufficiently covered by earnings.

Jerash Holdings (US) Price Performance

Shares of Jerash Holdings (US) stock opened at $3.05 on Thursday. The stock’s 50 day simple moving average is $3.06 and its 200-day simple moving average is $3.23. The stock has a market cap of $38.74 million, a P/E ratio of 50.83 and a beta of 1.06. Jerash Holdings has a 1-year low of $2.81 and a 1-year high of $4.17.

Jerash Holdings (US) (NASDAQ:JRSH) last issued its earnings results on Wednesday, November 12th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.10). Jerash Holdings (US) had a return on equity of 1.03% and a net margin of 0.45%.The company had revenue of $41.97 million during the quarter, compared to analyst estimates of $41.00 million.

About Jerash Holdings (US)

Jerash Holdings (NASDAQ:JRSH) is a global designer, manufacturer and marketer of intimate apparel, sportswear and swimwear. Founded in 1994 in the Jerash special economic zone of Jordan, the company has built a vertically integrated production model that spans product design, raw material sourcing, fabric printing, sewing and finishing. By controlling each stage of the manufacturing process, Jerash maintains strict quality standards and achieves competitive lead times for its apparel collections.

Operating state-of-the-art facilities in Jordan with a workforce of more than 10,000 employees, Jerash produces both proprietary brands and private-label merchandise for major retailers.