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

JinkoSolar Holding Company Limited (NYSE:JKS) declared an annual dividend on Friday, June 12th. Shareholders 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 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 tumble. 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 JKS stock opened at $19.41 on Friday. JinkoSolar has a 52-week low of $17.36 and a 52-week high of $31.88. The company’s 50 day moving average is $22.22 and its 200 day moving average is $24.87. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of -1.99 and a beta of 0.52. The company has a quick ratio of 0.95, a current ratio of 1.26 and a debt-to-equity ratio of 1.16.

JinkoSolar (NYSE:JKS) last issued its quarterly earnings data 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 firm had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $2.09 billion. JinkoSolar had a negative return on equity of 9.52% and a negative net margin of 5.62%. On average, sell-side analysts anticipate that JinkoSolar will post -2.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. UBS Group upped their price target on JinkoSolar from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Weiss Ratings cut shares of JinkoSolar from a “hold (c-)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Freedom Capital upgraded JinkoSolar from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Wall Street Zen raised shares of JinkoSolar from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Daiwa Securities Group raised JinkoSolar from a “sell” rating to a “buy” rating and set a $28.50 price objective on the stock in a report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, JinkoSolar currently has an average rating of “Hold” and an average price target of $24.38.

JinkoSolar Company Profile

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.