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

Jerash Holdings (US), Inc. (NASDAQ:JRSH) declared a quarterly dividend on Friday, November 8th,Zacks Dividends reports. Investors of record on Friday, November 22nd will be paid a dividend of 0.05 per share on Friday, November 29th. This represents a $0.20 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date is Friday, November 22nd.

Jerash Holdings (US) has a payout ratio of 90.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

Jerash Holdings (US) Price Performance

Shares of JRSH opened at $3.29 on Thursday. The company’s 50-day simple moving average is $3.04 and its 200-day simple moving average is $3.01. Jerash Holdings has a 1 year low of $2.68 and a 1 year high of $3.46.

Jerash Holdings (US) (NASDAQ:JRSH) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 EPS for the quarter. The company had revenue of $40.24 million for the quarter. Jerash Holdings (US) had a negative net margin of 2.73% and a negative return on equity of 5.48%.

Jerash Holdings (US) Company Profile

Jerash Holdings (US), Inc, through its subsidiaries, manufactures and exports customized and ready-made sport and outerwear. The company offers t-shirts; jackets and pullover; pants and shorts; crew neck, polo shirts, and tank tops made from knitted fabric, as well as personal protective equipment. It serves various brand-name retailers in the United States, Hong Kong, Jordan, and internationally.