Tencent (OTC:TCTZF) Shares Up 2.9% – Still a Buy?

Shares of Tencent Holdings Limited (OTC:TCTZF) rose 2.9% during trading on Tuesday . The stock traded as high as $67.95 and last traded at $67.93. Approximately 2,015 shares were traded during trading, a decline of 95% from the average daily volume of 40,333 shares. The stock had previously closed at $66.00.

Tencent Price Performance

The business has a 50 day simple moving average of $64.92 and a two-hundred day simple moving average of $61.11.

Tencent Announces Dividend

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

Tencent Company Profile

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.