Jerash Holdings (US), Inc. Declares Quarterly Dividend

Rhea-AI Summary

Jerash Holdings (JRSH) has declared a quarterly dividend of $0.05 per share, payable on November 28, 2022, to stockholders recorded by November 18, 2022. The company specializes in manufacturing and exporting sportswear and outerwear for major brands like Walmart, Costco, and New Balance. With approximately 5,000 employees and an annual production capacity of 14 million pieces, Jerash operates six factories and four warehouses. This dividend reflects the company's ongoing commitment to return value to its shareholders.

Positive

• Quarterly dividend of $0.05 per share approved.
• Demonstrates company confidence in sustainability and profitability.
• Strong client portfolio including major retailers like Walmart and Costco.

Negative

• None.

FAIRFIELD, NJ / ACCESSWIRE / November 4, 2022 / 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 November 28, 2022 to the stockholders of record as of November 18, 2022.

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 June 30, 2022. 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/723826/Jerash-Holdings-US-Inc-Declares-Quarterly-Dividend

FAQ

What is the dividend amount declared by Jerash Holdings?

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

When will the dividend be paid?

The dividend is payable on or about November 28, 2022.

Who are the major clients of Jerash Holdings?

Jerash Holdings' clients include Walmart, Costco, New Balance, and VF Corporation.

What is the production capacity of Jerash Holdings?

Jerash Holdings has an annual production capacity of approximately 14 million pieces.