HSBC Holdings PLC (NYSE:HSBC) announced a quarterly dividend on Monday, July 31st, NASDAQ reports. Stockholders of record on Friday, August 4th will be paid a dividend of 0.50 per share by the financial services provider on Wednesday, September 20th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date is Wednesday, August 2nd.
HSBC Holdings PLC has raised its dividend payment by an average of 2.0% per year over the last three years and has raised its dividend every year for the last 3 years. HSBC Holdings PLC has a dividend payout ratio of 63.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect HSBC Holdings PLC to earn $3.40 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 58.8%.
Shares of HSBC Holdings PLC (NYSE HSBC) opened at 47.33 on Friday. The stock has a 50 day moving average of $48.44 and a 200-day moving average of $43.77. HSBC Holdings PLC has a 52 week low of $35.42 and a 52 week high of $50.86. The stock has a market capitalization of $191.87 billion, a PE ratio of 96.59 and a beta of 0.89.
HSBC Holdings PLC (NYSE:HSBC) last posted its earnings results on Monday, July 31st. The financial services provider reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.08. HSBC Holdings PLC had a net margin of 1.42% and a return on equity of 2.08%. The company had revenue of $13.17 billion for the quarter. On average, equities research analysts expect that HSBC Holdings PLC will post $2.95 EPS for the current year.
Several analysts have recently issued reports on HSBC shares. Zacks Investment Research raised shares of HSBC Holdings PLC from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Wednesday, August 2nd. BidaskClub raised shares of HSBC Holdings PLC from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Berenberg Bank cut shares of HSBC Holdings PLC from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Morgan Stanley raised shares of HSBC Holdings PLC from an “equal weight” rating to an “overweight” rating in a report on Wednesday, June 28th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $36.67.
HSBC Holdings PLC Company Profile
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.
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