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

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 given a dividend of $0.10 per share by the financial services provider on Thursday, September 26th. This represents a yield of 1.3%. The ex-dividend date is Thursday, August 15th. The official announcement can be viewed at this link.

HSBA stock opened at GBX 604.50 ($7.90) on Wednesday. The stock has a market capitalization of $124.59 billion and a P/E ratio of 8.75. HSBC has a 52 week low of GBX 596.40 ($7.79) and a 52 week high of GBX 727.90 ($9.51). The business’s 50-day moving average is GBX 655.11.

Several brokerages have issued reports on HSBA. Shore Capital reaffirmed a “hold” rating on shares of HSBC in a report on Monday, August 5th. Credit Suisse Group set a GBX 680 ($8.89) price target on shares of HSBC and gave the company a “neutral” rating in a report on Tuesday, August 6th. Goldman Sachs Group reaffirmed a “buy” rating on shares of HSBC in a report on Tuesday. Deutsche Bank reaffirmed a “sell” rating and issued a GBX 540 ($7.06) price target on shares of HSBC in a report on Monday, August 5th. Finally, Barclays boosted their price objective on shares of HSBC from GBX 600 ($7.84) to GBX 610 ($7.97) and gave the company an “underweight” rating in a research report on Tuesday, August 6th. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 660.27 ($8.63).

About HSBC

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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Dividend History for HSBC (LON:HSBA)

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