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

by · The Cerbat Gem

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

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

Jerash Holdings (US) Stock Up 1.3%

Shares of JRSH opened at $5.88 on Friday. The stock has a 50 day moving average price of $5.82 and a 200 day moving average price of $4.27. Jerash Holdings has a one year low of $2.85 and a one year high of $6.67. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.64 and a current ratio of 3.11. The stock has a market capitalization of $74.74 million, a price-to-earnings ratio of 15.49 and a beta of 1.03.

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

About Jerash Holdings (US)

(Get Free Report)

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.

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