Jerash Holdings (US), Inc. Declares Quarterly Dividend

Rhea-AI Summary

Jerash Holdings (US), Inc. (NASDAQ:JRSH) has announced a quarterly dividend of $0.05 per share, payable on June 2, 2021 to stockholders of record by May 25, 2021. The company specializes in manufacturing and exporting custom sports and outerwear for major brands like Walmart and New Balance. With production facilities that have a capacity of approximately 12 million pieces annually and a workforce of around 4,200 employees, Jerash aims to support its shareholders while expanding its operations.

Positive

• Quarterly dividend declared at $0.05 per share, demonstrating confidence in financial stability.
• Production facilities with an annual capacity of approximately 12 million pieces support growth potential.
• Strong client relationships with leading brands like Walmart and Costco enhance revenue opportunities.

Negative

• None.

FAIRFIELD, NJ / ACCESSWIRE / May 14, 2021 / Jerash Holdings (US), Inc. (NASDAQ:JRSH) (the "Company" or "Jerash"), which manufactures and exports custom, ready-made, sports and outerwear for leading global brands, announced today that its board of directors approved the payment of a regular quarterly dividend of $0.05 per share on the Company's common stock. The dividend is payable on or about June 2, 2021 to stockholders of record as of May 25, 2021.

About Jerash Holdings (US), Inc.

Jerash Holdings (US), Inc. manufactures and exports custom, ready-made, sports and outerwear for leading global brands and retailers, including Walmart, Costco, New Balance, G-III, American Eagle, and VF Corporation, which owns such brands as The North Face, Timberland, JanSport, and others. Jerash's production facilities comprise four factory units, one workshop, and three warehouses, and it currently employs approximately 4,200 people. The total annual capacity at its facilities was approximately 12.0 million pieces as of March 31, 2021. Additional information is available at www.jerashholdings.com.

Contact:

PondelWilkinson Inc.
Judy Lin Sfetcu or Roger Pondel
310-279-5980
jsfetcu@pondel.com

SOURCE: Jerash Holdings (US), Inc.

View source version on accesswire.com:
https://www.accesswire.com/647360/Jerash-Holdings-US-Inc-Declares-Quarterly-Dividend

FAQ

What is the dividend amount for Jerash Holdings?

Jerash Holdings has declared a quarterly dividend of $0.05 per share.

When will the dividend be paid to stockholders of Jerash Holdings?

The dividend is payable on June 2, 2021, to stockholders of record as of May 25, 2021.

What is Jerash Holdings' annual production capacity?

Jerash Holdings' production facilities have an annual capacity of approximately 12 million pieces.

Which major brands does Jerash Holdings manufacture for?

Jerash Holdings manufactures for leading global brands including Walmart, Costco, and New Balance.