Tencent Holdings Limited (TCEHY) To Go Ex-Dividend on May 17th

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

Tencent Stock Up 2.2 %

Shares of OTCMKTS:TCEHY opened at $44.39 on Friday. Tencent has a 52 week low of $33.00 and a 52 week high of $46.46. The stock has a market capitalization of $419.28 billion, a P/E ratio of 22.74 and a beta of 0.32. The firm has a fifty day simple moving average of $37.90 and a two-hundred day simple moving average of $38.12.

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

Wall Street Analyst Weigh In

Separately, Barclays lowered their target price on shares of Tencent from $50.00 to $46.00 and set an “overweight” rating for the company in a 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.