China smartphone shipments slumped in June on inventory overhang: Jefferies
FAIRFIELD, NEW JERSEY - Jerash Holdings (US), Inc. (NASDAQ:JRSH), a manufacturer and exporter of custom sportswear and outerwear for global brands, announced Friday that its board of directors has approved a regular quarterly dividend of $0.05 per share on the company’s common stock. According to InvestingPro data, the company offers an attractive 6.1% dividend yield and has maintained dividend payments for 8 consecutive years, making it notable among small-cap manufacturers with a market capitalization of $42 million.
The dividend will be payable on or about August 29, 2025, to stockholders of record as of August 22, 2025, according to a company press release. InvestingPro analysis indicates the company holds more cash than debt and maintains strong liquidity with a current ratio of 2.75x, suggesting sustainable dividend payments.
Jerash manufactures apparel for several major global brands including VF Corporation, New Balance, G-III, American Eagle, and Skechers. The company operates six factory units and four warehouses, employing approximately 6,000 people.
The company produces ready-made sportswear and outerwear for brands that include The North Face, Timberland, Vans, Calvin Klein, Tommy Hilfiger, DKNY, and Guess, among others.
In other recent news, Jerash Holdings reported its financial results for the fourth quarter of fiscal year 2025, revealing notable year-over-year increases in both revenue and gross profit. Despite these positive financial indicators, the company faced a net loss per share that came in slightly below analysts’ expectations. This development led to a decrease in the company’s stock in pre-market trading. Jerash Holdings remains optimistic about its future growth, attributing this outlook to strategic partnerships and plans for capacity expansion. These recent developments highlight the company’s efforts to improve its financial standing and operational capabilities.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.