BYD’s Dividend Record Date Coincides With SUV Sales Blitz, Yet the Stock Hits a New Low

BYD stock hits 52-week low on dividend record day despite record 150,000 Great Tang SUV pre-orders and 99.85% dividend approval. RSI at 26.4 suggests oversold.

BYD pulled off an extraordinary feat in mid-June: it locked in a shareholder record date for its 2025 dividend and unveiled the Great Tang SUV with a record-breaking order book — on consecutive days. Yet the Shenzhen-based automaker's shares sank to a 52-week low on exactly the same day investors qualified for the payout. The disconnect between operational milestones and market sentiment could hardly be starker.

Dividend mechanics locked in

The record date fell on 18 June 2026 for BYD's H-shareholders. Those registered by that deadline are entitled to a final dividend of 0.358 RMB per share for the 2025 fiscal year — equivalent to 0.41141 HKD per share at the prevailing conversion rate of 1 RMB to 1.1492 HKD. Shareholders have until 8 July 2026 to select their preferred currency, with the cash actually landing in accounts on 31 July 2026.

The dividend plan was approved at BYD's annual general meeting in Shenzhen on 9 June 2026 with near-unanimous support — 99.85% of votes cast. Approximately 4.99 billion shares backed the proposal while a mere 6.1 million were opposed.

Great Tang sets a new order benchmark

A day before the record date, BYD formally launched the Great Tang SUV on 17 June. The seven-seat luxury model attracted 150,000 pre-orders in an exceptionally short period — a record for any single BYD model. The base variant delivers up to 496 PS, while a dual-motor version pushes combined output to 784 PS. The long-range edition achieves 950 kilometres on the CLTC standard.

BYD has equipped the Great Tang with its so-called Flash Charging technology, which can replenish the battery from 10% to 70% in five minutes and reach full charge in roughly nine minutes — at compatible stations. That feature is expected to become a key selling point in Europe, where BYD plans to introduce the SUV by the end of 2026.

The European push includes a factory in Hungary scheduled to begin production in the fourth quarter of 2026. The plant is designed to sidestep EU punitive tariffs on Chinese-made electric vehicles and provides a local manufacturing foothold in one of the world's most important EV markets.

Stock sinks into oversold territory

None of this has lifted BYD's share price. The stock recently closed at 8.96 euros — a whisker above the 52-week trough of 8.82 euros that was struck on the same day as the record date. That low came after a 10% slide over the preceding 30 days and leaves the shares roughly 40% below their 52-week peak of 14.80 euros. On a year-to-date basis, the decline stands at nearly 18%.

Technical indicators paint a grim picture. The stock trades about 18% under its 200-day moving average of 10.92 euros. All three key moving averages — 50, 100 and 200 days — sit well above the current price. The relative strength index stands at 26.4, deep in oversold territory, though oversold conditions can persist for extended periods.

What could turn the tide?

The dividend payment at the end of July might offer some mechanical support, but whether it can shift sentiment depends on whether broader confidence in BYD improves before then. Similarly, the Great Tang's record pre-orders have yet to translate into share-price momentum. Much now rests on how quickly European sales and the Hungarian factory can deliver tangible revenue — both events still scheduled for later this year.

For now, BYD finds itself in a peculiar position: a company setting new sales benchmarks and rewarding shareholders with a generous payout, yet seeing its equity languish within a hair's breadth of its lowest level in twelve months.