Tencent Music Entertainment Group (Tencent Music Entertainment Group) 5-Year Yield-on-Cost % : 0.00 (As of May. 13, 2024)

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What is Tencent Music Entertainment Group 5-Year Yield-on-Cost %?

Tencent Music Entertainment Group's yield on cost for the quarter that ended in Dec. 2023 was 0.00.

The historical rank and industry rank for Tencent Music Entertainment Group's 5-Year Yield-on-Cost % or its related term are showing as below:

TME's 5-Year Yield-on-Cost % is not ranked ^*
in the Interactive Media industry.
Industry Median: 2.72
* Ranked among companies with meaningful 5-Year Yield-on-Cost % only.

Competitive Comparison of Tencent Music Entertainment Group's 5-Year Yield-on-Cost %

For the Internet Content & Information subindustry, Tencent Music Entertainment Group's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tencent Music Entertainment Group's 5-Year Yield-on-Cost % Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Tencent Music Entertainment Group's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Tencent Music Entertainment Group's 5-Year Yield-on-Cost % falls into.

Tencent Music Entertainment Group 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of Tencent Music Entertainment Group is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

Tencent Music Entertainment Group (NYSE:TME) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.

Tencent Music Entertainment Group 5-Year Yield-on-Cost % Related Terms

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Tencent Music Entertainment Group (Tencent Music Entertainment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Tencent Music Entertainment Group (NYSE:TME) » Definitions » 5-Year Yield-on-Cost %

Comparable Companies

Traded in Other Exchanges

01698:Hong Kong 0A2Z:UK 63TA:Germany

Address

Kexing Science Park, Kejizhongsan Avenue, Unit 3, Building D, Hi-Tech Park, Nanshan District, Shenzhen, CHN, 518057

Website

https://www.tencentmusic.com

TME is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.