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

Jerash Holdings (US), Inc. (NASDAQ:JRSH) declared a quarterly dividend on Thursday, November 5th. Investors of record on Monday, November 16th will be given a dividend of $0.05 per share on Monday, November 23rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, November 16th.

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

Jerash Holdings (US) Stock Performance

Shares of NASDAQ JRSH traded up $0.07 during mid-day trading on Thursday, hitting $5.88. 168,808 shares of the company were exchanged, compared to its average volume of 294,165. The stock has a 50 day simple moving average of $5.82 and a 200-day simple moving average of $4.26. Jerash Holdings has a 1-year low of $2.85 and a 1-year high of $6.67. The company has a quick ratio of 1.64, a current ratio of 3.11 and a debt-to-equity ratio of 0.04. The firm has a market cap of $74.74 million, a price-to-earnings ratio of 15.49 and a beta of 1.03.

Jerash Holdings (US) (NASDAQ:JRSH) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. Jerash Holdings (US) had a net margin of 2.77% and a return on equity of 7.61%. The company had revenue of $50.23 million during the quarter, compared to the consensus estimate of $47.90 million.

Jerash Holdings (US) Company Profile

Jerash Holdings (US), Inc is an apparel manufacturer and exporter that produces garments for international customers and branded clothing companies. Its product range includes jackets, shirts, pants, activewear, outerwear and other woven and knit apparel.

The company manufactures its products through operations in Jordan, including facilities located in the Al-Hassan Industrial Estate. Its Jordanian production platform supports cutting, sewing, finishing, packaging and related garment-manufacturing activities, allowing Jerash to supply finished products to customers in global markets.

Jerash Holdings serves apparel brands and retailers primarily in North America and other international markets.