BYD (OTCMKTS:BYDDY) Shares Down 2.8% - What's Next?

Key Points

• BYD shares decreased by 2.8% during midday trading, closing at $14.13 after reaching a low of $14.10.
• The company announced an increase in its dividend to $0.8801, reflecting a yield of 84.0%, with the payout date set for August 13th.
• BYD's current market capitalization is approximately $126.24 billion with a debt-to-equity ratio of 0.06, indicating a strong financial position.

Byd Co., Ltd. (OTCMKTS:BYDDY - ) fell 2.8% during mid-day trading on Tuesday . The stock traded as low as $14.10 and last traded at $14.13. 2,852,444 shares traded hands during trading, an increase of 14% from the average session volume of 2,495,139 shares. The stock had previously closed at $14.53.

BYD Stock Performance

The company has a quick ratio of 0.51, a current ratio of 0.81 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average price of $89.76 and a 200-day moving average price of $92.61. The firm has a market capitalization of $126.24 billion, a price-to-earnings ratio of 19.85, a P/E/G ratio of 2.90 and a beta of 0.02.

BYD Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, August 13th. Shareholders of record on Thursday, June 12th will be given a $0.8801 dividend. This represents a yield of 84.0%. This is a positive change from BYD's previous dividend of $0.72. The ex-dividend date is Wednesday, June 11th. BYD's payout ratio is currently 21.13%.

About BYD

BYD Company Limited, together with its subsidiaries, engages in automobiles and batteries business in the People's Republic of China, Hong Kong, Macau, Taiwan, and internationally. The company operates in two segments: Mobile Handset Components, Assembly Service and Other Products; and Automobiles and Related Products and Other Products.

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