Shareholder Value and Capital Allocation Strategy - An Exploration of Tencent's Dividend Policy

This study conducts an in-depth study of Tencent's dividend policy, analyzing its connection with shareholder value and capital allocation strategy. By reviewing policy changes, analyzing influencing factors, exploring its impact on shareholder value, and examining the synergy with capital allocation strategy, it provides references for corporate decision-making, investor investment, and peer enterprises. The research employs literature review, case studies, and quantitative methods to ensure scientific and comprehensive analysis. The study reveals that Tencent's dividend policy is influenced by both internal and external factors, has significant short-term and long-term impacts on shareholder value, and is in synergy with capital allocation strategy. This research enriches the theoretical framework and provides practical support for corporate practices.