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

Jerash Holdings (US), Inc. (NASDAQ:JRSH) declared a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be given a dividend of 0.05 per share on Tuesday, February 25th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date is Tuesday, February 18th.

Jerash Holdings (US) has a payout ratio of 45.5% indicating that its dividend is sufficiently covered by earnings.

Jerash Holdings (US) Price Performance

Jerash Holdings (US) stock traded up $0.01 during mid-day trading on Thursday, reaching $3.45. 22,061 shares of the stock traded hands, compared to its average volume of 12,111. Jerash Holdings has a 12-month low of $2.68 and a 12-month high of $3.58. The business’s 50-day moving average is $3.44 and its 200-day moving average is $3.16. The stock has a market capitalization of $42.37 million, a PE ratio of -11.88 and a beta of 0.87.

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

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.