Jerash Holdings (US), Inc. Declares Quarterly Dividend
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.
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) 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.
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.
Details
News Market Reaction – JRSH
The recorded move for JRSH in the trading session of this news was -0.18%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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
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