Published on 8 Nov 2023 on Simply Wall St. via Yahoo Finance

Here's Why We're Wary Of Buying Jerash Holdings (US)'s (NASDAQ:JRSH) For Its Upcoming Dividend

Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Jerash Holdings (US), Inc. (NASDAQ:JRSH) is about to go ex-dividend in just 4 days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Meaning, you will need to purchase Jerash Holdings (US)'s shares before the 13th of November to receive the dividend, which will be paid on the 28th of November.

The company's next dividend payment will be US$0.05 per share, on the back of last year when the company paid a total of US$0.20 to shareholders. Based on the last year's worth of payments, Jerash Holdings (US) has a trailing yield of 6.2% on the current stock price of $3.22. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.

View our latest analysis for Jerash Holdings (US)