Tencent Holdings Limited (OTCMKTS:TCEHY) to Issue Annual Dividend of $0.38

Tencent Holdings Limited (OTCMKTS:TCEHY) declared an annual dividend on Thursday, April 25th, NASDAQ reports. Stockholders of record on Monday, May 20th will be paid a dividend of 0.3839 per share by the technology company on Monday, June 17th. This represents a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, May 17th. This is a positive change from Tencent’s previous annual dividend of $0.10.

Tencent Price Performance

Shares of Tencent stock opened at $44.39 on Friday. The stock has a market cap of $419.28 billion, a P/E ratio of 22.74 and a beta of 0.32. The stock’s 50 day simple moving average is $37.90 and its 200-day simple moving average is $38.12. Tencent has a 1-year low of $33.00 and a 1-year high of $46.46.

Tencent (OTCMKTS:TCEHY) last issued its earnings results on Wednesday, March 20th. The technology company reported $0.52 earnings per share for the quarter. The business had revenue of $21.54 billion for the quarter. Tencent had a return on equity of 14.60% and a net margin of 18.88%. As a group, research analysts expect that Tencent will post 2.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Barclays reduced their price target on shares of Tencent from $50.00 to $46.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 31st.

Tencent Company Profile

Tencent Holdings Limited, an investment holding company, offers value-added services (VAS), online advertising, fintech, and business services in the People's Republic of China and internationally. It operates through VAS, Online Advertising, FinTech and Business Services, and Others segments. The company's consumers business provides communication and services, such as instant messaging and social network; digital content including online games, videos, live streaming, news, music, and literature; fintech services, which includes mobile payment, wealth management, loans, and securities trading; and various tools, such as network security management, browser, navigation, application management, email, etc.