JinkoSolar Holding Company Limited (JKS) to Issue Annual Dividend of $1.50 on July 9th

JinkoSolar Holding Company Limited (NYSE:JKS) announced 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 of this dividend is Monday, June 22nd.

JinkoSolar has a 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. 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 JKS stock opened at $19.41 on Friday. The company has a market capitalization of $1.02 billion, a P/E ratio of -1.99 and a beta of 0.52. JinkoSolar has a 12-month low of $17.36 and a 12-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 firm has a 50-day moving average price of $22.22 and a 200 day moving average price of $24.87.

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 the consensus estimate of ($1.84) by $0.32. The firm had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $2.09 billion. JinkoSolar had a negative net margin of 5.62% and a negative return on equity of 9.52%. Research analysts forecast that JinkoSolar will post -2.76 earnings per share for the current fiscal year.

Insider Buying and Selling at JinkoSolar

In other news, Director Wing Keong Siew sold 16,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $26.11, for a total transaction of $417,760.00. Following the completion of the sale, the director owned 186,000 shares in the company, valued at $4,856,460. The trade was a 7.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Xianhua Li sold 1,280,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $25.53, for a total value of $32,678,400.00. Following the sale, the director owned 10,349,612 shares of the company’s stock, valued at approximately $264,225,594.36. The trade was a 11.01% decrease in their position. The SEC filing for this sale provides additional information. 19.80% of the stock is currently owned by corporate insiders.

Institutional Trading of JinkoSolar

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in JinkoSolar by 9.9% during the 2nd quarter. Geode Capital Management LLC now owns 37,671 shares of the semiconductor company’s stock worth $799,000 after purchasing an additional 3,394 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of JinkoSolar by 7,759.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 11,082 shares of the semiconductor company’s stock valued at $235,000 after purchasing an additional 10,941 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of JinkoSolar during the 2nd quarter worth approximately $47,000. SPX Gestao de Recursos Ltda acquired a new stake in shares of JinkoSolar during the 3rd quarter worth approximately $252,000. Finally, Sei Investments Co. bought a new stake in shares of JinkoSolar during the third quarter worth approximately $525,000. 35.82% of the stock is currently owned by institutional investors and hedge funds.

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.