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

Jerash Holdings (US), Inc. (NASDAQ:JRSH) announced a quarterly dividend on Tuesday, May 21st, Wall Street Journal reports. Investors of record on Friday, May 31st will be paid a dividend of 0.05 per share on Friday, June 7th. This represents a $0.20 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date is Friday, May 31st.

Jerash Holdings (US) has a payout ratio of 64.5% meaning its dividend is sufficiently covered by earnings.

Jerash Holdings (US) Stock Performance

Jerash Holdings (US) stock remained flat at $3.10 during trading on Wednesday. 10,394 shares of the company were exchanged, compared to its average volume of 11,328. The business’s 50-day simple moving average is $3.04 and its 200-day simple moving average is $3.03. Jerash Holdings has a 12-month low of $2.77 and a 12-month high of $4.60. The company has a market cap of $38.13 million, a price-to-earnings ratio of -44.28 and a beta of 0.80.

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.