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

Jerash Holdings (US), Inc. (NASDAQ:JRSH) declared a quarterly dividend on Monday, May 4th. Investors of record on Thursday, May 14th will be paid a dividend of 0.05 per share on Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 5.7%. The ex-dividend date is Thursday, May 14th.

Jerash Holdings (US) has decreased its dividend payment by an average of 0.0%annually 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) Price Performance

Shares of NASDAQ:JRSH opened at $3.51 on Tuesday. The company’s 50 day simple moving average is $3.14 and its 200 day simple moving average is $3.15. The stock has a market capitalization of $44.58 million, a price-to-earnings ratio of 23.40 and a beta of 1.13. Jerash Holdings has a 1 year low of $2.85 and a 1 year high of $3.60.

Jerash Holdings (US) (NASDAQ:JRSH) last announced its quarterly earnings data on Monday, February 9th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. The business had revenue of $41.77 million for the quarter, compared to analysts’ expectations of $42.30 million. Jerash Holdings (US) had a net margin of 1.18% and a return on equity of 2.86%.

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.