HSBC Holdings plc Declares Dividend of $1.80 (NYSE:HSBC)

HSBC Holdings plc (NYSE:HSBC) announced a dividend on Wednesday, February 19th, NASDAQ Dividends reports. Shareholders of record on Friday, March 7th will be given a dividend of 1.80 per share by the financial services provider on Friday, April 25th. The ex-dividend date is Friday, March 7th.

HSBC has increased its dividend by an average of 40.5% per year over the last three years. HSBC has a dividend payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect HSBC to earn $6.60 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 30.3%.

HSBC Trading Down 1.7 %

Shares of NYSE:HSBC traded down $1.00 during midday trading on Thursday, hitting $55.97. The company had a trading volume of 1,727,333 shares, compared to its average volume of 1,505,216. The firm has a fifty day simple moving average of $50.96 and a 200 day simple moving average of $46.91. The stock has a market cap of $200.45 billion, a price-to-earnings ratio of 9.25, a PEG ratio of 1.51 and a beta of 0.54. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. HSBC has a 12 month low of $36.93 and a 12 month high of $57.08.

HSBC (NYSE:HSBC) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.04. The company had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $13.79 billion. HSBC had a return on equity of 10.71% and a net margin of 15.70%. On average, analysts predict that HSBC will post 6.67 EPS for the current year.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft cut shares of HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd.

About HSBC

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.