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

Jerash Holdings (US), Inc. (NASDAQ:JRSH) declared a quarterly dividend on Friday, August 7th. Stockholders of record on Monday, August 17th will be given a dividend of 0.05 per share on Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Monday, August 17th.

Jerash Holdings (US) has a dividend payout ratio of 42.6% indicating that its dividend is sufficiently covered by earnings.

Jerash Holdings (US) Trading Down 0.6%

Shares of NASDAQ JRSH traded down $0.03 during trading on Friday, reaching $5.00. The stock had a trading volume of 149,825 shares, compared to its average volume of 374,336. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.31 and a current ratio of 2.70. The company has a market cap of $63.50 million, a P/E ratio of 17.86 and a beta of 1.03. Jerash Holdings has a fifty-two week low of $2.85 and a fifty-two week high of $5.47. The business’s 50-day moving average price is $4.34 and its 200-day moving average price is $3.59.

Jerash Holdings (US) (NASDAQ:JRSH) last posted its earnings results on Monday, June 15th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.13. The firm had revenue of $42.90 million for the quarter, compared to analyst estimates of $36.20 million. Jerash Holdings (US) had a return on equity of 5.57% and a net margin of 2.13%.

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.