Table of Contents

company-logo

Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover and listen to music in personalized ways; and WeSing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. The company also operates Kugou Music, Kuwo Music, WeSing, QQ Music, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with those interested in their performance; and Kuwo Changting, an audio platform that offers users various audio content, including audio books, cross-talks, radio dramas, and other entertainment. In addition, it sells music-related merchandise, including Kugou headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi systems; and offers online music event ticketing services, as well as services to smart device and automobile makers to build and operate music services on devices and vehicles. Tencent Music Entertainment Group has a strategic partnership with China Literature. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.

Tencent Music Entertainment Dividend Announcement

• Tencent Music Entertainment announced a annually dividend of $0.14 per ordinary share which will be made payable on 2024-06-27. Ex dividend date: 2024-05-31
• Tencent Music Entertainment annual dividend for 2024 was $0.14
• Tencent Music Entertainment's trailing twelve-month (TTM) dividend yield is 0.16%

Tencent Music Entertainment Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-05-31$0.14annually2024-06-27

Tencent Music Entertainment Dividend per year

Tencent Music Entertainment Dividend Yield

Tencent Music Entertainment current trailing twelve-month (TTM) dividend yield is 0.16%. Interested in purchasing Tencent Music Entertainment stock? Use our calculator to estimate your expected dividend yield:

Tencent Music Entertainment Financial Ratios

P/E ratio22.59
PEG ratio0.11
P/B ratio2.13
ROE9.99%
Payout ratio0.00%
Current ratio2.26
Quick ratio2.26
Cash Ratio0.67

Tencent Music Entertainment Dividend FAQ

Does Tencent Music Entertainment stock pay dividends?
Tencent Music Entertainment does not currently pay dividends to its shareholders.
Has Tencent Music Entertainment ever paid a dividend?
No, Tencent Music Entertainment has no a history of paying dividends to its shareholders. Tencent Music Entertainment is not known for its dividend payments.
Why doesn't Tencent Music Entertainment pay dividends?
There are several potential reasons why Tencent Music Entertainment would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Tencent Music Entertainment ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Tencent Music Entertainment has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Tencent Music Entertainment a dividend aristocrat?
Tencent Music Entertainment is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Tencent Music Entertainment a dividend king?
Tencent Music Entertainment is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Tencent Music Entertainment a dividend stock?
No, Tencent Music Entertainment is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Tencent Music Entertainment stocks?
To buy Tencent Music Entertainment you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Tencent Music Entertainment stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.