HSBC Holdings plc (HSBC) to Issue Quarterly Dividend of $0.50 on December 17th

HSBC Holdings plc (NYSE:HSBC) declared a quarterly dividend on Wednesday, October 14th. Shareholders of record on Friday, November 6th will be paid a dividend of $0.50 per share by the financial services provider on Thursday, December 17th. This represents a $2.00 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, November 6th.

HSBC has raised its dividend payment by an average of 0.3% per year over the last three years. HSBC has a dividend payout ratio of 28.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect HSBC to earn $9.66 per share next year, which means the company should continue to be able to cover its $1.98 annual dividend with an expected future payout ratio of 20.5%.

HSBC Stock Up 5.1%

HSBC opened at $88.79 on Wednesday. The firm has a market capitalization of $304.42 billion, a P/E ratio of 11.54, a price-to-earnings-growth ratio of 0.94 and a beta of 0.56. HSBC has a one year low of $67.56 and a one year high of $107.92. The company has a fifty day moving average price of $97.71 and a 200-day moving average price of $93.36. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.89 and a quick ratio of 0.89.

HSBC (NYSE:HSBC) last issued its quarterly earnings data on Tuesday, October 27th. The financial services provider reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.10). HSBC had a return on equity of 14.33% and a net margin of 19.59%. The business had revenue of $18.68 billion during the quarter, compared to analysts’ expectations of $18.98 billion. Equities research analysts expect that HSBC will post 8.41 earnings per share for the current fiscal year.

HSBC Company Profile

HSBC Holdings plc is a global banking and financial services company headquartered in London. Its principal subsidiary, The Hongkong and Shanghai Banking Corporation, was established in 1865 to facilitate trade between Europe and Asia. HSBC’s shares trade on the New York Stock Exchange in the form of American depositary receipts under the symbol HSBC.

The company provides personal and wealth banking, commercial banking, corporate and institutional banking, investment banking, global markets, and asset management services.