Jerash Holdings (US), Inc. Declares Quarterly Dividend
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.
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 (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.
Details
News Market Reaction – JRSH
The recorded move for JRSH in the trading session of this news was -0.45%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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
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