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

Jerash Holdings (US), Inc. (NASDAQ:JRSHGet Free Report) declared a quarterly dividend on Tuesday, February 6th, Wall Street Journal reports. Shareholders of record on Friday, February 16th will be paid a dividend of 0.05 per share on Friday, February 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 6.25%. The ex-dividend date of this dividend is Thursday, February 15th.

Jerash Holdings (US) has a payout ratio of 32.3% indicating that its dividend is sufficiently covered by earnings.

Jerash Holdings (US) Trading Up 0.9 %

JRSH stock traded up $0.03 during midday trading on Tuesday, reaching $3.20. 8,933 shares of the company’s stock traded hands, compared to its average volume of 10,805. Jerash Holdings has a fifty-two week low of $2.77 and a fifty-two week high of $4.97. The business has a 50-day moving average price of $3.01 and a two-hundred day moving average price of $3.17.

Jerash Holdings (US) (NASDAQ:JRSHGet Free Report) last announced its quarterly earnings results on Monday, November 13th. The company reported $0.03 earnings per share for the quarter. Jerash Holdings (US) had a negative net margin of 0.17% and a negative return on equity of 0.33%. The firm had revenue of $33.36 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in JRSH. UBS Group AG raised its holdings in Jerash Holdings (US) by 541.8% in the third quarter. UBS Group AG now owns 6,546 shares of the company’s stock valued at $28,000 after acquiring an additional 5,526 shares in the last quarter. BlackRock Inc. raised its holdings in Jerash Holdings (US) by 21.7% in the first quarter. BlackRock Inc. now owns 16,987 shares of the company’s stock valued at $80,000 after acquiring an additional 3,028 shares in the last quarter. Royal Bank of Canada raised its holdings in Jerash Holdings (US) by 44.1% in the second quarter. Royal Bank of Canada now owns 30,111 shares of the company’s stock valued at $112,000 after acquiring an additional 9,211 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Jerash Holdings (US) by 23.1% during the third quarter. Dimensional Fund Advisors LP now owns 35,105 shares of the company’s stock valued at $149,000 after purchasing an additional 6,582 shares during the last quarter. Finally, Stifel Financial Corp bought a new stake in Jerash Holdings (US) during the first quarter valued at $260,000. 3.51% of the stock is owned by institutional investors and hedge funds.

About Jerash Holdings (US)

(Get Free Report)

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.

See Also

Dividend History for Jerash Holdings (US) (NASDAQ:JRSH)

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