HSBC Holdings plc (NYSE:HSBC) Declares Quarterly Dividend of $0.50

HSBC Holdings plc (NYSE:HSBC) announced a quarterly dividend on Tuesday, October 29th, Wall Street Journal reports. Stockholders of record on Friday, November 8th will be paid a dividend of 0.50 per share by the financial services provider on Thursday, December 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Friday, November 8th.

HSBC has increased its dividend by an average of 36.2% annually over the last three years. HSBC has a payout ratio of 31.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect HSBC to earn $6.30 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 31.7%.

HSBC Trading Down 0.5 %

Shares of NYSE:HSBC opened at $47.04 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. HSBC has a 12-month low of $36.63 and a 12-month high of $47.35. The business has a 50 day moving average of $44.66 and a two-hundred day moving average of $43.87. The company has a market capitalization of $103.14 billion, a PE ratio of 7.78 and a beta of 0.56.

Analysts Set New Price Targets

Separately, Dbs Bank raised shares of HSBC to a “strong-buy” rating in a report on Wednesday, July 31st.

HSBC Company Profile

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.