JinkoSolar Holding Company Limited (NYSE:JKS) to Issue Annual Dividend of $1.50

JinkoSolar Holding Company Limited (NYSE:JKS) announced an annual dividend on Friday, June 12th. Stockholders of record on Monday, June 22nd will be paid 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 dividend payout ratio of 88.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 Trading Down 0.0%

Shares of NYSE:JKS opened at $19.41 on Friday. The business’s 50-day moving average is $22.22 and its 200 day moving average is $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. JinkoSolar has a 1 year low of $17.36 and a 1 year high of $31.88. The firm has a market capitalization of $1.02 billion, a P/E ratio of -1.99 and a beta of 0.52.

JinkoSolar (NYSE:JKS) last issued its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported ($1.52) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.84) by $0.32. The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $2.09 billion. JinkoSolar had a negative return on equity of 9.52% and a negative net margin of 5.62%. On average, research analysts predict that JinkoSolar will post -2.76 earnings per share for the current fiscal 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.