Tongcheng Travel Holdings Limited, an investment holding company, provides travel related services in the People's Republic of China. It offers transportation ticketing, accommodation reservation, and attraction ticketing services, as well as various ancillary value-added products and services. The company also provides online advertising services, technology consulting and services, and insurance agency services; and engages in call center and other businesses. Tongcheng Travel Holdings Limited provides travel products and services through its tencent-based online platforms, mobile apps, and websites. The company was formerly known as Tongcheng-Elong Holdings Limited and changed its name to Tongcheng Travel Holdings Limited in November 2021. Tongcheng Travel Holdings Limited was founded in 1999 and is headquartered in Suzhou, the People's Republic of China.
Tongcheng Travel Dividend Announcement
• Tongcheng Travel announced a annually dividend of HK$0.15 per ordinary share which will be made payable on 2024-07-19. Ex dividend date: 2024-06-28
• Tongcheng Travel annual dividend for 2024 was HK$0.15
• Tongcheng Travel's trailing twelve-month (TTM) dividend yield is 0.85%
Tongcheng Travel Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-28 | HK$0.15 | annually | 2024-07-19 |
Tongcheng Travel Dividend per year
Tongcheng Travel Dividend Yield
Tongcheng Travel current trailing twelve-month (TTM) dividend yield is 0.85%. Interested in purchasing Tongcheng Travel stock? Use our calculator to estimate your expected dividend yield:
Tongcheng Travel Financial Ratios
Tongcheng Travel Dividend FAQ
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.
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