JinkoSolar Holding Company Limited (JKS) To Go Ex-Dividend on June 22nd

JinkoSolar Holding Company Limited (NYSE:JKS) declared an annual dividend on Friday, June 12th. Shareholders 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 yield of 748.0%. The ex-dividend date is Monday, June 22nd.

JinkoSolar has a dividend 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. Equities research 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 Performance

Shares of NYSE:JKS traded down $0.01 during trading on Friday, hitting $19.41. 989,733 shares of the company were exchanged, compared to its average volume of 786,092. The stock has a 50 day moving average of $22.22 and a 200 day moving average of $24.87. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.26 and a quick ratio of 0.95. The company has a market cap of $1.02 billion, a PE ratio of -1.99 and a beta of 0.52. JinkoSolar has a 52-week low of $17.36 and a 52-week high of $31.88.

JinkoSolar (NYSE:JKS) last posted its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported ($1.52) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.84) by $0.32. JinkoSolar had a negative return on equity of 9.52% and a negative net margin of 5.62%.The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $2.09 billion. As a group, equities research analysts predict 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.