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 August 24, 2021 to shareholders on record as of August 17, 2021. The company specializes in the manufacturing and export of custom sports and outerwear for major global brands, employing approximately 4,500 people across its facilities, with an annual capacity of 12 million pieces. This move reflects Jerash's commitment to delivering value to its shareholders while maintaining its position in the apparel industry.

Positive

• Quarterly dividend of $0.05 per share enhances shareholder value.
• Strong employment levels with approximately 4,500 employees support operational stability.
• Annual production capacity stands at 12 million pieces, indicating robust manufacturing capability.

Negative

• None.

FAIRFIELD, NJ / ACCESSWIRE / August 5, 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 August 24, 2021 to stockholders of record as of August 17, 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 (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 JanSport). Jerash's existing production facilities comprise four factory units, one workshop, and four warehouses, and Jerash currently employs approximately 4,500 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.

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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/658407/Jerash-Holdings-US-Inc-Declares-Quarterly-Dividend

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 payable for Jerash Holdings?

The dividend is payable on or about August 24, 2021.

What is the record date for the dividend payment by Jerash Holdings?

The record date for the dividend payment is August 17, 2021.

How many employees does Jerash Holdings have?

Jerash Holdings employs approximately 4,500 people.

What is Jerash Holdings' annual production capacity?

The annual production capacity of Jerash Holdings is approximately 12 million pieces.