BYD (OTCMKTS:BYDDY) Shares Down 3.1% - Here's Why

Key Points

• BYD shares experienced a 3.1% decline on Wednesday, with trading volume falling 22% compared to the average.
• The company declared a dividend of $0.8801, marking an increase from the previous dividend of $0.72, which results in a dividend yield of 84.0%.
• BYD has a market capitalization of $131.15 billion and a current debt-to-equity ratio of 0.06, indicating strong financial stability.

Byd Co., Ltd. (OTCMKTS:BYDDY - ) shares traded down 3.1% on Wednesday . The company traded as low as $14.61 and last traded at $14.68. 1,735,913 shares were traded during trading, a decline of 22% from the average session volume of 2,238,157 shares. The stock had previously closed at $15.15.

BYD Stock Performance

The firm has a market capitalization of $131.15 billion, a price-to-earnings ratio of 20.63, a P/E/G ratio of 1.42 and a beta of 0.02. The company has a 50-day moving average price of $61.62 and a 200-day moving average price of $86.10. The company has a quick ratio of 0.51, a current ratio of 0.81 and a debt-to-equity ratio of 0.06.

BYD Increases Dividend

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