Published on 10 Aug 2023 on Simply Wall St. via Yahoo Finance
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Jerash Holdings (US), Inc. (NASDAQ:JRSH) is about to trade ex-dividend in the next four days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. In other words, investors can purchase Jerash Holdings (US)'s shares before the 15th of August in order to be eligible for the dividend, which will be paid on the 23rd of August.
The company's next dividend payment will be US$0.05 per share, and in the last 12 months, the company paid a total of US$0.20 per share. Based on the last year's worth of payments, Jerash Holdings (US) has a trailing yield of 5.6% on the current stock price of $3.59. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! So we need to investigate whether Jerash Holdings (US) can afford its dividend, and if the dividend could grow.
View our latest analysis for Jerash Holdings (US)