HSBC Holdings plc (LON:HSBA) Declares $0.10 Dividend

HSBC Holdings plc (LON:HSBAGet Free Report) announced a dividend on Tuesday, October 29th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, November 7th will be paid a dividend of $0.10 per share by the financial services provider on Thursday, December 19th. This represents a dividend yield of 1.11%. The ex-dividend date is Thursday, November 7th. The official announcement can be accessed at this link.

HSBC Trading Up 0.6 %

Shares of HSBA stock opened at GBX 726.80 ($9.46) on Wednesday. HSBC has a twelve month low of GBX 572.90 ($7.46) and a twelve month high of GBX 729.60 ($9.50). The stock has a market capitalization of £132.20 billion, a price-to-earnings ratio of 813.93, a P/E/G ratio of 5.97 and a beta of 0.52. The stock has a fifty day simple moving average of GBX 673.77 and a two-hundred day simple moving average of GBX 675.04.

Analyst Ratings Changes

HSBA has been the subject of several research reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 870 ($11.33) target price on shares of HSBC in a report on Wednesday, August 21st. Citigroup reissued a “buy” rating on shares of HSBC in a research report on Monday, September 2nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, HSBC currently has an average rating of “Moderate Buy” and an average price target of GBX 795 ($10.35).

Read Our Latest Analysis on HSBC

About HSBC

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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.

Further Reading

Dividend History for HSBC (LON:HSBA)

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