FAIRFIELD, NJ - Jerash Holdings (US), Inc. (NASDAQ:JRSH), a manufacturer and exporter of sportswear and outerwear, has declared a quarterly dividend of $0.05 per share. This dividend is scheduled to be paid on August 23, 2024, to shareholders on record as of August 16, 2024.
The company, which is based in Fairfield, New Jersey, is known for producing custom, ready-made garments for some of the world's leading brands.
Its clientele includes notable names such as VF Corporation (NYSE:VFC), New Balance, and G-III, which holds licenses for brands like Calvin Klein and Tommy Hilfiger. Moreover, Jerash Holdings provides garments for American Eagle (NYSE:AEO) and Skechers.
With an approximate 5,000-employee workforce, Jerash Holdings operates six factory units and four warehouses. The company's announcement of the dividend follows its tradition of providing returns to its shareholders and reflects its commitment to maintaining a regular dividend payout.
This financial decision by the board of directors of Jerash Holdings comes as part of the company's ongoing efforts to deliver value to its investors. The dividend payout is in line with the company's financial policies and is supported by its operational performance.
The information provided in this article is based on a press release statement from Jerash Holdings.
InvestingPro Insights
Jerash Holdings (US), Inc. (NASDAQ:JRSH) has recently announced a quarterly dividend, highlighting its commitment to providing shareholder value. For investors considering Jerash Holdings, InvestingPro provides a deeper look into the company's financial health and market performance.
One of the key InvestingPro Tips for Jerash Holdings is its significant dividend yield, which stands at 6.73%. This is particularly noteworthy for income-focused investors. The company also holds more cash than debt on its balance sheet, which is a positive sign of financial stability.
InvestingPro Data reveals that Jerash Holdings is trading at a low revenue valuation multiple with a Price/Book ratio of 0.57 as of the last twelve months leading up to Q4 2024. Despite a decrease in revenue growth during the same period, with a -15.12% change, the company's liquid assets exceed its short-term obligations, suggesting a solid liquidity position.
While the company's gross profit margins appear weak at 14.42%, analysts predict Jerash Holdings will be profitable this year. For investors interested in exploring further, there are additional InvestingPro Tips available that can provide a comprehensive analysis of the company's financial outlook and market potential. In total, there are 9 InvestingPro Tips listed for Jerash Holdings on the InvestingPro platform.
With a market capitalization of $36.52M and a forward-looking PEG ratio of 0.1, Jerash Holdings may offer an interesting opportunity for those looking to invest in the apparel manufacturing sector. The company's next earnings date is set for August 8, 2024, which will provide further insights into its operational performance and future prospects.
For detailed metrics and additional InvestingPro Tips, including the company's trading patterns and analyst predictions, interested readers can visit the dedicated InvestingPro page for Jerash Holdings at https://www.investing.com/pro/JRSH.
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