HSBC Holdings plc (NYSE:HSBC – Get Free Report) declared a quarterly dividend on Tuesday, May 5th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.50 per share by the financial services provider on Friday, June 26th. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, May 15th.
HSBC has raised its dividend payment by an average of 0.3%per year over the last three years. HSBC has a payout ratio of 130.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect HSBC to earn $9.27 per share next year, which means the company should continue to be able to cover its $8.98 annual dividend with an expected future payout ratio of 96.9%.
HSBC Price Performance
HSBC stock opened at $91.34 on Thursday. HSBC has a 1 year low of $56.21 and a 1 year high of $94.79. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $313.90 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 0.84 and a beta of 0.56. The business has a 50 day simple moving average of $86.42 and a 200-day simple moving average of $80.67.
HSBC Company Profile
HSBC Holdings plc (NYSE: HSBC) is a multinational banking and financial services organization headquartered in London. It traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to facilitate trade between Europe and Asia, and has since grown into one of the world’s largest banking groups. The company is publicly listed in multiple markets, including the London Stock Exchange, the Hong Kong Stock Exchange and as an American depositary receipt on the New York Stock Exchange.
HSBC operates a universal banking model, serving retail, commercial, corporate and institutional clients.
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