Tencent Holdings Limited (OTCMKTS:TCEHY) Raises Dividend to $0.51 Per Share

Tencent Holdings Limited (OTCMKTS:TCEHY) declared a dividend on Friday, May 16th, investing.com reports. Investors of record on Tuesday, May 20th will be given a dividend of 0.5102 per share by the technology company on Monday, June 16th. This represents a yield of 0.77%. The ex-dividend date is Monday, May 19th. This is a 89.6% increase from Tencent’s previous dividend of $0.27.

Tencent Stock Performance

OTCMKTS:TCEHY opened at $66.16 on Friday. The firm’s 50-day moving average is $62.58 and its 200-day moving average is $57.20. The company has a market cap of $608.90 billion, a price-to-earnings ratio of 34.82 and a beta of 0.11. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.33 and a current ratio of 1.35. Tencent has a 52-week low of $44.96 and a 52-week high of $71.82.

Wall Street Analyst Weigh In

Separately, Barclays reiterated an “overweight” rating and issued a $88.00 price objective on shares of Tencent in a research report on Thursday, March 20th.

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.