Jerash Holdings (US), Inc. (JRSH) to Issue Quarterly Dividend of $0.05 on November 29th

Jerash Holdings (US), Inc. (NASDAQ:JRSH) declared a quarterly dividend on Friday, November 8th,Zacks Dividends reports. Shareholders of record on Friday, November 22nd will be given 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% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.

Jerash Holdings (US) Stock Performance

Shares of JRSH stock opened at $3.29 on Wednesday. The company has a market capitalization of $40.47 million, a price-to-earnings ratio of -11.34 and a beta of 0.82. Jerash Holdings has a 52-week low of $2.68 and a 52-week high of $3.46. The company has a 50-day simple moving average of $3.03 and a two-hundred day simple moving average of $3.01.

Jerash Holdings (US) (NASDAQ:JRSH) last released its earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter. The firm 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%.

About Jerash Holdings (US)

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.