company-logo

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 0.8%

Tongcheng Travel Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-06-28HK$0.15annually2024-07-19

Tongcheng Travel Dividend per year

Tongcheng Travel Dividend Yield

Tongcheng Travel current trailing twelve-month (TTM) dividend yield is 0.8%. Interested in purchasing Tongcheng Travel stock? Use our calculator to estimate your expected dividend yield:

Tongcheng Travel Financial Ratios

P/E ratio25.93
PEG ratio1.52
P/B ratio2.30
ROE9.22%
Payout ratio0.00%
Current ratio1.32
Quick ratio1.32
Cash Ratio0.60

Tongcheng Travel Dividend FAQ

Does Tongcheng Travel stock pay dividends?
Tongcheng Travel does not currently pay dividends to its shareholders.
Has Tongcheng Travel ever paid a dividend?
No, Tongcheng Travel has no a history of paying dividends to its shareholders. Tongcheng Travel is not known for its dividend payments.
Why doesn't Tongcheng Travel pay dividends?
There are several potential reasons why Tongcheng Travel 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 Tongcheng Travel 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 Tongcheng Travel 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 Tongcheng Travel a dividend aristocrat?
Tongcheng Travel 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 Tongcheng Travel a dividend king?
Tongcheng Travel 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 Tongcheng Travel a dividend stock?
No, Tongcheng Travel 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 Tongcheng Travel stocks?
To buy Tongcheng Travel 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 Tongcheng Travel 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.