Jerash Holdings (US): Dividend Insights
Portfolio Pulse from Benzinga Insights
Jerash Holdings (US) (NASDAQ:JRSH) announced it will pay a quarterly dividend of 5 cents per share. The stock will go ex-dividend on Tuesday, meaning it will likely open 5 cents lower. Shareholders who own JRSH as of the end of Monday's session are eligible to receive the dividend, which will be paid out on August 23, 2023.
August 10, 2023 | 2:45 pm
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Jerash Holdings (US) (NASDAQ:JRSH) will pay a quarterly dividend of 5 cents per share. The stock will go ex-dividend on Tuesday, which may cause the stock to open lower.
The announcement of a dividend payout often leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, the stock price typically drops on the ex-dividend date by an amount roughly equal to the dividend paid. In this case, Jerash Holdings' stock is expected to open 5 cents lower on Tuesday, the ex-dividend date.
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