Tencent Music Entertainment Group Dividend
Dividend criteria checks 2/6
Tencent Music Entertainment Group is a dividend paying company with a current yield of 0.97% that is well covered by earnings.
Key information
1.0%
Dividend yield
29%
Payout ratio
Industry average yield | 1.5% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | Mex$3.33 |
Dividend yield forecast in 3Y | 0.1% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether TME N's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if TME N's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
Tencent Music Entertainment Group Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (TME N) | 1.0% |
Market Bottom 25% (MX) | 2.1% |
Market Top 25% (MX) | 6.5% |
Industry Average (Entertainment) | 1.5% |
Analyst forecast in 3 Years (TME N) | 0.1% |
Notable Dividend: TME N's dividend (0.97%) isn’t notable compared to the bottom 25% of dividend payers in the MX market (2.13%).
High Dividend: TME N's dividend (0.97%) is low compared to the top 25% of dividend payers in the MX market (6.53%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (29.1%), TME N's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (22%), TME N's dividend payments are well covered by cash flows.