Tencent Holdings Limited (OTCMKTS:TCEHY) Declares Dividend Increase – $0.38 Per Share

Tencent Holdings Limited (OTCMKTS:TCEHY) announced 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 an increase from Tencent’s previous annual dividend of $0.10.

Tencent Price Performance

Shares of OTCMKTS:TCEHY traded down $0.41 during trading on Thursday, reaching $43.44. 1,731,322 shares of the company’s stock traded hands, compared to its average volume of 3,035,446. Tencent has a 12 month low of $33.00 and a 12 month high of $46.46. The company has a 50 day moving average of $37.62 and a 200-day moving average of $38.05. The stock has a market capitalization of $410.31 billion, a P/E ratio of 22.24 and a beta of 0.32.

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

Wall Street Analysts Forecast Growth

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

About Tencent

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.