Jerash Holdings (US), Inc. Declares Quarterly Dividend

Rhea-AI Summary

Jerash Holdings (NASDAQ:JRSH) has announced a quarterly dividend of $0.05 per share, payable on or about February 21, 2023, to stockholders of record by February 14, 2023. This decision reflects the company's commitment to returning value to shareholders. Jerash specializes in manufacturing and exporting custom sportswear and outerwear for major retailers like Walmart and Costco. The company operates six factories and employs around 5,000 individuals, with an annual production capacity of 14 million pieces as of December 31, 2022.

Positive

• Quarterly dividend of $0.05 per share enhances shareholder income.
• Strong partnerships with leading global brands indicate robust business relationships.

Negative

• None.

FAIRFIELD, NJ / ACCESSWIRE / February 3, 2023 / Jerash Holdings (US), Inc. (NASDAQ:JRSH) (the "Company" or "Jerash"), which manufactures and exports custom, ready-made, sportswear 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 February 21, 2023 to the stockholders of record as of February 14, 2023.

About Jerash Holdings (US), Inc.

Jerash Holdings (US), Inc. manufactures and exports custom, ready-made, sportswear and outerwear for leading global brands and retailers, including Walmart, Costco, New Balance, G-III (which owns brands such as Calvin Klein, Tommy Hilfiger, DKNY, and Guess), American Eagle, and VF Corporation (which owns brands such as The North Face, Timberland, and Vans). Jerash's existing production facilities comprise six factory units, and four warehouses, and Jerash currently employs approximately 5,000 people. The total annual capacity at its facilities was approximately 14.0 million pieces as of December 31, 2022. Additional information is available at www.jerashholdings.com.

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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/737904/Jerash-Holdings-US-Inc-Declares-Quarterly-Dividend

FAQ

When is the dividend payment date for Jerash Holdings (JRSH)?

The dividend payment date is on or about February 21, 2023.

What is the amount of the dividend declared by Jerash Holdings?

The declared dividend is $0.05 per share.

Who are the major clients of Jerash Holdings?

Jerash Holdings manufactures for brands like Walmart, Costco, and New Balance.

What is the annual production capacity of Jerash Holdings?

The annual production capacity is approximately 14 million pieces.