JKS Dividend Type Payments

JinkoSolar Holding Company Limited American Depositary Shares (each repr dividend

Although JKS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on JinkoSolar Holding Company Limited American Depositary Shares (each repr to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

JinkoSolar Holding Company Limited American Depositary Shares (each repr (JKS)
Bid Ask Last Change Volume P/E Market Cap
20.91 21.00 20.91 -0.41 466K 55 0.0B

JKS Dividend-Like Income Using Covered Calls

With JKS at 20.91, here's a table showing how big the annual "dividend" (i.e. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:

Annual Yield Annual Premium Cents/Day
3% 0.63 0.2
5% 1.05 0.3
10% 2.09 0.6

So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:

3% Yield On JKS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 22.50 1.20 36 3.3 1.50 (7.2%)
Jan 17 22.50 1.90 64 3.0 1.50 (7.2%)
5% Yield On JKS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 22.50 1.20 36 3.3 1.50 (7.2%)
Jan 17 22.50 1.90 64 3.0 1.50 (7.2%)
10% Yield On JKS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 22.50 1.20 36 3.3 1.50 (7.2%)
Jan 17 22.50 1.90 64 3.0 1.50 (7.2%)

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