Jerash Holdings (US), Inc. Declares Quarterly Dividend
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.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
Details
News Market Reaction – JRSH
The recorded move for JRSH in the trading session of this news was -1.67%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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
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