BYD shares: This dividend sets the standards

Since February, the chart picture of BYD (WKN: A0M4W9) stock has brightened again. Strong sales growth in March supported this positive trend. There is much to suggest that the manufacturer will emerge stronger from the price war prevalent in the electric car industry. On top of that, shareholders receive dividends that are hard for any other growth company to compete with.

BYD was founded

BYD (“Build your dreams”) is a Chinese conglomerate primarily engaged in the manufacture of batteries and automobiles.
The group, based in Shenzhen, China, became the world’s largest manufacturer of electric vehicles in 2023.
With a market capitalization of around €77 billion, BYD is one of the most valuable companies in China.

Opponents look old again
Last month, BYD once again left the competition behind.

Read more at sharedeals.de

At the time the news was published, BYD shares were trading at a gain of +1,28 % and a rate of 25.27EUR sold on Tradegate (April 12, 2024, 12:14 pm).