HSBC Holdings plc (NYSE:HSBC) Raises Dividend to $2.25 Per Share

HSBC Holdings plc (NYSE:HSBC) announced a quarterly dividend on Wednesday, February 25th. Investors of record on Friday, March 13th will be given a dividend of 2.25 per share by the financial services provider on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 9.5%. The ex-dividend date of this dividend is Friday, March 13th. This is a 350.0% increase from HSBC’s previous quarterly dividend of $0.50.

HSBC has raised its dividend payment by an average of 0.1%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. Equities research analysts expect HSBC to earn $7.12 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 27.8%.

HSBC Stock Up 0.3%

HSBC traded up $0.28 during trading on Thursday, hitting $94.48. The stock had a trading volume of 2,808,636 shares, compared to its average volume of 2,302,509. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $324.54 billion, a PE ratio of 19.89, a PEG ratio of 0.94 and a beta of 0.52. HSBC has a twelve month low of $45.66 and a twelve month high of $94.80. The stock has a 50 day simple moving average of $84.10 and a two-hundred day simple moving average of $74.24.

HSBC (NYSE:HSBC) last posted its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.25. HSBC had a return on equity of 12.78% and a net margin of 12.85%.The business had revenue of $17.72 billion for the quarter, compared to the consensus estimate of $17.01 billion. On average, research analysts predict that HSBC will post 6.66 earnings per share for the current year.

About HSBC

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.