Jerash Holdings (US), Inc. Declares Quarterly Dividend

Rhea-AI Summary

Jerash Holdings (NASDAQ:JRSH) announced a quarterly dividend of $0.05 per share, payable on or about February 23, 2021 to stockholders of record as of February 16, 2021. The company is a manufacturer of high-quality textile goods for brands like Walmart and New Balance, operating four factories and employing around 4,200 people. As of December 31, 2020, Jerash's annual production capacity was approximately 12 million pieces.

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Positive

• Quarterly dividend of $0.05 per share reflects confidence in financial stability.
• Established partnerships with major global brands could drive future growth.

Negative

• None.

News Market Reaction – JRSH

-0.18%

-0.18% News Effect

On the day this news was published, JRSH declined 0.18%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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FAIRFIELD, NJ / ACCESSWIRE / February 5, 2021 / Jerash Holdings (US), Inc. (NASDAQ:JRSH) (the "Company" or "Jerash"), a producer of high-quality textile goods 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 February 23, 2021 to stockholders of record as of February 16, 2021.

About Jerash Holdings (US), Inc.

Jerash Holdings (US), Inc. (NASDAQ:JRSH) is a manufacturer utilized by many well-known brands and retailers, such as Walmart, Costco, New Balance, G-III, American Eagle, and VF Corporation (which owns brands such as The North Face, Timberland, JanSport, etc.). Its 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 December 31, 2020. Additional information is available at www.jerashholdings.com.

Contact:

Matt Kreps, Darrow Associates Investor Relations
(214) 597-8200
mkreps@darrowir.com

SOURCE: Jerash Holdings (US), Inc.

View source version on accesswire.com:
https://www.accesswire.com/627302/Jerash-Holdings-US-Inc-Declares-Quarterly-Dividend

FAQ

What is the dividend amount for Jerash Holdings?

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

When is the dividend payable for JRSH?

The dividend is payable on or about February 23, 2021.

Who is eligible for the dividend payment from Jerash Holdings?

Stockholders of record as of February 16, 2021, are eligible for the dividend.

What brands does Jerash Holdings produce textile goods for?

Jerash produces textile goods for brands including Walmart, Costco, and New Balance.