HSBC Holdings plc (NYSE:HSBC) Announces Dividend of $1.80

HSBC Holdings plc (NYSE:HSBC) announced a dividend on Wednesday, February 19th, NASDAQ Dividends reports. Stockholders of record on Friday, March 7th will be given a dividend of 1.80 per share by the financial services provider on Friday, April 25th. The ex-dividend date of this dividend is Friday, March 7th.

HSBC has increased its dividend payment by an average of 40.5% annually over the last three years. HSBC has a payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Analysts expect HSBC to earn $6.60 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 30.3%.

HSBC Stock Performance

Shares of NYSE HSBC traded down $1.00 during midday trading on Thursday, hitting $55.97. The company’s stock had a trading volume of 1,727,333 shares, compared to its average volume of 1,505,216. The stock has a fifty day moving average price of $50.96 and a 200 day moving average price of $46.91. HSBC has a one year low of $36.93 and a one year high of $57.08. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $200.45 billion, a price-to-earnings ratio of 9.25, a P/E/G ratio of 1.51 and a beta of 0.54.

HSBC (NYSE:HSBC) last posted its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.04. The company had revenue of $11.56 billion for the quarter, compared to analyst estimates of $13.79 billion. HSBC had a net margin of 15.70% and a return on equity of 10.71%. On average, research analysts forecast that HSBC will post 6.67 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft cut shares of HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd.

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.