Jerash Holdings (US), Inc. (JRSH) To Go Ex-Dividend on August 16th

Jerash Holdings (US), Inc. (NASDAQ:JRSH) declared a quarterly dividend on Monday, August 5th, Zacks reports. Shareholders of record on Friday, August 16th will be paid a dividend of 0.05 per share on Friday, August 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 6.80%. The ex-dividend date of this dividend is Friday, August 16th.

Jerash Holdings (US) has a payout ratio of 111.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Jerash Holdings (US) Stock Up 0.5 %

Jerash Holdings (US) stock opened at $2.94 on Wednesday. The company has a fifty day simple moving average of $3.00 and a 200-day simple moving average of $3.03. The firm has a market capitalization of $36.16 million, a price-to-earnings ratio of -18.38 and a beta of 0.81. Jerash Holdings has a 52-week low of $2.70 and a 52-week high of $3.80.

Jerash Holdings (US) (NASDAQ:JRSH) last posted its quarterly earnings results on Thursday, June 27th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.17). Jerash Holdings (US) had a negative return on equity of 2.93% and a negative net margin of 1.71%. The business had revenue of $21.57 million for the quarter.

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.