Jerash Holdings (US), Inc. (NASDAQ:JRSH) Announces Quarterly Dividend of $0.05

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

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

Jerash Holdings (US) Stock Performance

Jerash Holdings (US) stock traded down $0.02 during mid-day trading on Tuesday, reaching $3.04. The company’s stock had a trading volume of 74,961 shares, compared to its average volume of 101,757. The company has a market capitalization of $38.61 million, a P/E ratio of 50.67 and a beta of 1.06. The firm’s fifty day moving average price is $3.06 and its two-hundred day moving average price is $3.24. Jerash Holdings has a 12-month low of $2.81 and a 12-month high of $4.17.

Jerash Holdings (US) (NASDAQ:JRSH) last issued its quarterly earnings data 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 business had revenue of $41.97 million during the quarter, compared to analysts’ expectations 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.