JinkoSolar Holding Company Limited (NYSE:JKS) Announces $1.50 Annual Dividend

JinkoSolar Holding Company Limited (NYSE:JKS) declared an annual dividend on Friday, June 12th. Stockholders of record on Monday, June 22nd will be given a dividend of 1.50 per share by the semiconductor company on Thursday, July 9th. This represents a dividend yield of 748.0%. The ex-dividend date is Monday, June 22nd.

JinkoSolar has a payout ratio of 88.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect JinkoSolar to earn ($1.54) per share next year, which means the company may not be able to cover its $1.48 annual dividend with an expected future payout ratio of -96.1%.

JinkoSolar Stock Down 0.0%

Shares of JinkoSolar stock opened at $19.41 on Friday. JinkoSolar has a twelve month low of $17.36 and a twelve month high of $31.88. The company has a quick ratio of 0.95, a current ratio of 1.26 and a debt-to-equity ratio of 1.16. The company’s 50 day moving average is $22.22 and its 200 day moving average is $24.87. The company has a market cap of $1.02 billion, a price-to-earnings ratio of -1.99 and a beta of 0.52.

JinkoSolar (NYSE:JKS) last posted its earnings results on Wednesday, April 29th. The semiconductor company reported ($1.52) EPS for the quarter, topping analysts’ consensus estimates of ($1.84) by $0.32. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $2.09 billion. JinkoSolar had a negative net margin of 5.62% and a negative return on equity of 9.52%. Research analysts anticipate that JinkoSolar will post -2.76 EPS for the current year.

About JinkoSolar

JinkoSolar Holding Co, Ltd. (NYSE: JKS) is a vertically integrated solar photovoltaic (PV) manufacturer headquartered in Shanghai, China. The company specializes in the design, development and production of high-performance solar modules, silicon wafers, solar cells and related components. Since its founding in 2006, JinkoSolar has become one of the world’s largest solar module suppliers, known for delivering reliable products to utility, commercial and residential customers.

JinkoSolar’s product portfolio encompasses a broad range of monocrystalline and polycrystalline PV modules, including half-cell, bifacial and high-efficiency Tiger module series.