HSBC Holdings plc (NYSE:HSBC – Get Free Report) announced a quarterly dividend on Tuesday, August 4th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.50 per share by the financial services provider on Friday, September 25th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, August 14th.
HSBC has raised its dividend payment by an average of 0.3%annually over the last three years. HSBC has a payout ratio of 28.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect HSBC to earn $9.49 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 20.9%.
HSBC Price Performance
Shares of HSBC stock opened at $102.63 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.92 and a current ratio of 0.92. HSBC has a 52-week low of $62.43 and a 52-week high of $107.92. The company has a fifty day moving average of $97.34 and a 200-day moving average of $90.82. The stock has a market capitalization of $352.72 billion, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 0.94 and a beta of 0.57.
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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