HSBC Holdings plc (HSBC) to Issue Quarterly Dividend of $0.50 on June 26th

HSBC Holdings plc (NYSE:HSBC) declared a quarterly dividend on Tuesday, May 5th. Investors of record on Friday, May 15th will be given a dividend of 0.50 per share by the financial services provider on Friday, June 26th. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, May 15th.

HSBC has increased its dividend payment by an average of 0.3%per year over the last three years. HSBC has a payout ratio of 28.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect HSBC to earn $9.27 per share next year, which means the company should continue to be able to cover its $1.98 annual dividend with an expected future payout ratio of 21.4%.

HSBC Price Performance

HSBC stock opened at $90.00 on Wednesday. HSBC has a 12 month low of $57.85 and a 12 month high of $94.79. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.52. The business’s 50 day simple moving average is $86.22 and its 200 day simple moving average is $81.34. The company has a market cap of $309.29 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 0.91 and a beta of 0.56.

HSBC (NYSE:HSBC) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $0.44 EPS for the quarter. HSBC had a return on equity of 13.35% and a net margin of 16.06%.The business had revenue of $19.13 billion for the quarter. Sell-side analysts forecast that HSBC will post 8.51 EPS for the current year.

Insider Activity

In related news, insider Daniel Scott Palomaki sold 23,123 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $18.11, for a total value of $418,757.53. Following the sale, the insider owned 4,973 shares in the company, valued at approximately $90,061.03. This trade represents a 82.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.01% of the company’s stock.

Institutional Investors Weigh In On HSBC

Institutional investors and hedge funds have recently made changes to their positions in the business. Wedbush Securities Inc. raised its position in shares of HSBC by 101.3% in the third quarter. Wedbush Securities Inc. now owns 26,822 shares of the financial services provider’s stock worth $1,904,000 after buying an additional 13,495 shares in the last quarter. Foresight Global Investors Inc. purchased a new stake in shares of HSBC in the third quarter worth $12,810,000. American Century Companies Inc. raised its position in shares of HSBC by 14.7% in the third quarter. American Century Companies Inc. now owns 1,311,820 shares of the financial services provider’s stock worth $93,113,000 after buying an additional 168,438 shares in the last quarter. Y Intercept Hong Kong Ltd raised its position in shares of HSBC by 63.4% in the third quarter. Y Intercept Hong Kong Ltd now owns 49,410 shares of the financial services provider’s stock worth $3,507,000 after buying an additional 19,176 shares in the last quarter. Finally, Dynasty Wealth Management LLC purchased a new stake in shares of HSBC in the third quarter worth $1,563,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

About HSBC

HSBC Holdings plc (NYSE: HSBC) is a multinational banking and financial services organization headquartered in London. It traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to facilitate trade between Europe and Asia, and has since grown into one of the world’s largest banking groups. The company is publicly listed in multiple markets, including the London Stock Exchange, the Hong Kong Stock Exchange and as an American depositary receipt on the New York Stock Exchange.

HSBC operates a universal banking model, serving retail, commercial, corporate and institutional clients.