Tencent (OTC:TCTZF) Stock Price Down 5.6% – Here’s What Happened

Tencent Holdings Limited (OTC:TCTZF) shares fell 5.6% on Monday . The company traded as low as $62.50 and last traded at $62.50. 2,799 shares changed hands during trading, a decline of 94% from the average session volume of 44,930 shares. The stock had previously closed at $66.24.

Tencent Stock Performance

The firm has a 50-day moving average of $64.38 and a 200-day moving average of $60.03.

Tencent Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were issued a dividend of $4.50 per share. This represents a yield of 0.87%. The ex-dividend date of this dividend was Friday, May 16th.

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.