HSBC Holdings plc (LON:HSBA) Declares Dividend of $0.10
HSBC Holdings plc (LON:HSBA) announced a dividend on Monday, August 5th, Upcoming.Co.Uk reports. Investors of record on Thursday, August 15th will be paid a dividend of $0.10 per share by the financial services provider on Thursday, September 26th. This represents a dividend yield of 1.3%. The ex-dividend date is Thursday, August 15th. The official announcement can be viewed at this link.
Shares of HSBC stock opened at GBX 610 ($7.97) on Tuesday. HSBC has a one year low of GBX 596.40 ($7.79) and a one year high of GBX 727.90 ($9.51). The company’s 50-day simple moving average is GBX 655.74. The company has a market cap of $123.93 billion and a price-to-earnings ratio of 8.83.
HSBA has been the topic of several research analyst reports. UBS Group restated a “neutral” rating and set a GBX 633 ($8.27) target price on shares of HSBC in a research report on Monday, August 5th. Deutsche Bank restated a “sell” rating and set a GBX 540 ($7.06) target price on shares of HSBC in a research report on Monday, August 5th. Credit Suisse Group set a GBX 680 ($8.89) target price on HSBC and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Morgan Stanley restated an “equal weight” rating on shares of HSBC in a research report on Friday, July 26th. Finally, Shore Capital restated a “hold” rating on shares of HSBC in a research report on Monday, August 5th. Six equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 660.27 ($8.63).
HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.
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