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

Jerash Holdings (US), Inc. (NASDAQ:JRSH) declared a quarterly dividend on Monday, August 5th, Zacks reports. Investors of record on Friday, August 16th will be given a dividend of 0.05 per share on Friday, August 23rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.19%. The ex-dividend date is Friday, August 16th.

Jerash Holdings (US) has a dividend 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 Performance

Shares of JRSH stock opened at $2.78 on Wednesday. The company has a market capitalization of $34.18 million, a price-to-earnings ratio of -17.38 and a beta of 0.81. Jerash Holdings has a 52-week low of $2.68 and a 52-week high of $3.53. The company has a 50-day simple moving average of $2.99 and a two-hundred day simple moving average of $3.03.

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

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.