BYD (OTCMKTS:BYDDY) Shares Down 2.8% - Here's What Happened

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 - Get Free Report)'s share price dropped 2.8% during trading on Tuesday . The company traded as low as $14.10 and last traded at $14.13. Approximately 2,852,444 shares changed hands during mid-day trading, an increase of 14% from the average daily volume of 2,495,139 shares. The stock had previously closed at $14.53.

BYD Trading Down 0.4%

The business has a fifty day moving average price of $84.53 and a 200 day moving average price of $91.31. The company has a market capitalization of $127.13 billion, a PE ratio of 20.00, a P/E/G ratio of 1.71 and a beta of 0.02. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.51 and a current ratio of 0.81.

BYD Increases Dividend

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