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

Jerash Holdings (US), Inc. (NASDAQ:JRSH) announced a quarterly dividend on Monday, August 5th, Zacks reports. Stockholders of record on Friday, August 16th will be paid a dividend of 0.05 per share on Friday, August 23rd. This represents a $0.20 annualized dividend and a dividend yield of 6.80%. The ex-dividend date of this dividend is Friday, August 16th.

Jerash Holdings (US) has a payout ratio of 111.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Jerash Holdings (US) Stock Up 0.5 %

Shares of NASDAQ:JRSH opened at $2.94 on Wednesday. Jerash Holdings has a 12 month low of $2.70 and a 12 month high of $3.80. The firm has a market cap of $36.16 million, a P/E ratio of -18.38 and a beta of 0.81. The company’s 50-day moving average price is $3.00 and its two-hundred day moving average price is $3.03.

Jerash Holdings (US) (NASDAQ:JRSH) last issued its quarterly earnings results on Thursday, June 27th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.17). Jerash Holdings (US) had a negative net margin of 1.71% and a negative return on equity of 2.93%. The company had revenue of $21.57 million during 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.