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SHANGRAO, China - JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced Friday that its board of directors has declared a cash dividend of $0.325 per ordinary share, equivalent to $1.30 per American Depositary Share (ADS). The dividend represents a significant 15.6% yield, making JKS one of the highest-yielding stocks in the semiconductor industry, according to InvestingPro data.
Shareholders who hold ordinary shares or ADSs at the close of trading on July 2, 2025, will be eligible to receive the dividend, which is expected to be paid around July 16, 2025, according to the company’s press release statement.
The total distribution for the dividend is projected to be approximately $68.1 million.
"This return of capital to our shareholders reflects our confidence in the Company’s prospects and our commitment to creating long-term value for our shareholders," said Xiande Li, Chairman and Chief Executive Officer of JinkoSolar.
JinkoSolar describes itself as a solar module manufacturer with over 10 production facilities globally and more than 20 overseas subsidiaries across Asia, Europe, and the Americas as of March 31, 2025.
The dividend payment to ADS holders will be subject to the terms of the deposit agreement, including applicable fees and expenses, the company noted.
In other recent news, JinkoSolar Holding Co., Ltd. faced significant challenges in its fourth-quarter 2024 earnings report, with revenue dropping 37% year-over-year to $2.83 billion and a gross margin falling to 3.6%. Earnings per share were reported at -$9.22, missing the expected -$3.96. This downturn has been attributed to the oversupply in global solar module capacity and declining average selling prices. In response to these financial results, UBS has reduced JinkoSolar’s stock price target from $25 to $22, maintaining a Neutral rating, while Jefferies adjusted its target from $65.43 to $62.01 but kept a Buy rating.
Additionally, Citi downgraded JinkoSolar from Buy to Sell, cutting the price target to RMB5.00 due to concerns about profitability amid increased U.S. tariffs and reduced module prices in China. The U.S. Commerce Department has finalized tariffs on solar cells and panels imported from Southeast Asia, which could impact JinkoSolar’s market performance. Despite these challenges, JinkoSolar plans to reduce its capital expenditures in 2025 and focus on upgrading its existing technology, particularly its TOPCon cell lines. The company remains committed to its share repurchase program, valued at over $200 million, in an effort to enhance shareholder value.
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