Jerash Holdings (US), Inc. Declares Quarterly Dividend

Rhea-AI Summary

Jerash Holdings (Nasdaq: JRSH), a manufacturer and exporter of custom sportswear and outerwear for global brands, announced a quarterly dividend of $0.05 per share.

This dividend will be payable on or around June 7, 2024, to shareholders recorded by May 31, 2024.

The board of directors approved this regular quarterly dividend, continuing the company's policy of returning value to shareholders.

Positive

• Quarterly dividend of $0.05 per share declared.
• Dividend payment date set for June 7, 2024.
• Record date for shareholders to receive dividends is May 31, 2024.
• Board of directors’ approval indicates stability and confidence in financial health.
• Commitment to returning value to shareholders demonstrated.

Negative

• Dividend yield might be considered low by some investors.
• No new information on company growth or additional financial performance details provided.

FAIRFIELD, NJ / ACCESSWIRE / May 21, 2024 / 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 June 7, 2024 to the stockholders of record as of May 31, 2024.

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 VF Corporation (which owns brands such as The North Face, Timberland, and Vans), New Balance, G-III (which licenses brands such as Calvin Klein, Tommy Hilfiger, DKNY, and Guess), American Eagle, and Skechers. Jerash's existing production facilities comprise six factory units and four warehouses, and Jerash currently employs approximately 5,000 people. Additional information is available at www.jerashholdings.com.

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Contact:
PondelWilkinson Inc.
Judy Lin or Roger Pondel
310-279-5980
jlin@pondel.com

SOURCE: Jerash Holdings (US), Inc.

View the original press release on accesswire.com

FAQ

What is the dividend amount declared by Jerash Holdings?

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

When is the dividend payment date for Jerash Holdings?

The dividend payment date is set for June 7, 2024.

Who is eligible to receive Jerash Holdings' dividend?

Shareholders of record as of May 31, 2024, are eligible to receive the dividend.

What is the stock symbol for Jerash Holdings?

The stock symbol for Jerash Holdings is JRSH.

How often does Jerash Holdings pay dividends?

Jerash Holdings pays regular quarterly dividends.