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

Jerash Holdings (US), Inc. (NASDAQ:JRSH) declared a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be given a dividend of 0.05 per share on Tuesday, February 25th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date of this dividend is Tuesday, February 18th.

Jerash Holdings (US) has a payout ratio of 45.5% meaning its dividend is sufficiently covered by earnings.

Jerash Holdings (US) Price Performance

NASDAQ:JRSH opened at $3.79 on Friday. The stock’s 50 day simple moving average is $3.47 and its 200-day simple moving average is $3.20. Jerash Holdings has a 12-month low of $2.68 and a 12-month high of $4.17.

Jerash Holdings (US) Company Profile

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.