HSBC Holdings plc (NYSE:HSBC) Shareholders to Get $0.50 Quarterly Dividend

HSBC Holdings plc (NYSE:HSBC) announced 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 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend 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 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 Performance

Shares of HSBC stock opened at $84.60 on Wednesday. The business has a 50-day moving average price of $97.71 and a two-hundred day moving average price of $93.36. HSBC has a 1-year low of $67.56 and a 1-year high of $107.92. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53. The company has a market cap of $290.06 billion, a P/E ratio of 10.23, a PEG ratio of 0.94 and a beta of 0.56.

HSBC (NYSE:HSBC) last announced 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 net margin of 19.59% and a return on equity of 14.33%. The business had revenue of $18.68 billion during the quarter, compared to analyst estimates of $18.98 billion. As a group, analysts anticipate that HSBC will post 8.41 EPS for the current 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.