Tencent Music Entertainment Group
TMECommunication Services · Stock · annual payer
Forward Yield
3.09%
Annual Dividend
$0.24
Payout Ratio
29%
5-Yr Growth
—
Ex-Date
Apr 2, 2026
Frequency
Annual
Summary
As of September 2026, Tencent Music Entertainment Group (TME) yields 3.09% ($0.24 per share annually), with a blended fair-value estimate of $11.33 — +46% upside, so it screens as undervalued. Dividend safety grade: B (69/100). 1 years of dividend growth.
Is TME a good dividend stock?
Yes, with caveatsTencent Music Entertainment Group (TME) pays a annual dividend yielding 3.09% ($0.24/yr), with 1 year of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Never cut its dividend on record
- Comfortable payout ratio (29%)
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 3.09%
- Payout Ratio
- 29%
- Annual Dividend
- $0.24
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Apr 2, 2026
- Years of Growth
- 1
- Frequency
- annual
- Beta
- 0.82
- Market Cap
- $12.6B
- P/E Ratio
- 9.1
- 5-Yr Total Return
- -1%
- 52-Week Range
- $7.70 – $25.04
- Dividend Safety
- B · 69/100
- Ever Cut?
- No
Frequently Asked Questions
TME Price — Last 12 Months
Daily close
Price Return
1 Year
-65%
3 Years
+7%
5 Years
-1%
52-Week Range
$7.70 – $25.04
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TME worth?
Undervaluedlow confidenceOur blended fair-value estimate for Tencent Music Entertainment Group is $11.33 per share, versus a market price of $7.76. That implies 46% of upside — a margin of safety of about 32%.
Fair Value
$11.33
Current Price
$7.76
Upside
+46%
Margin of Safety
32%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 7.7% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.4% discount rate (CAPM), 7.7% stage-1 growth, 2.5% terminal growth, $0.85 EPS, $0.24 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TME Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Apr 2, 2026 | — | $0.2400 | regular |
| Apr 3, 2025 | — | $0.1800 | regular |
| May 31, 2024 | — | $0.1370 | regular |
Income Calculator
At $0.24 / yr per share
