Summary by Futu AI
JinkoSolar announced on August 5, 2024, that its board of directors has declared a cash dividend of $0.375 per ordinary share, equivalent to $1.50 per American Depositary Share (ADS). The total dividend distribution is expected to be approximately $79 million, with payment scheduled for around August 30, 2024. Shareholders of record at market close on August 15, 2024 (U.S. Eastern Time) will be eligible for the dividend.CEO Xiande Li expressed confidence in the company's business prospects despite ongoing challenges in the global PV market, viewing the dividend as a commitment to rewarding shareholder support. As of March 31, 2024, JinkoSolar maintains a strong global presence with 14 production facilities worldwide and 26 overseas subsidiaries across major markets in Asia, Europe, Americas, and the Middle East.