HSBC Holdings plc (HSBC) to Distribute Quarterly Dividend of $0.50 on December 17th

HSBC Holdings plc (NYSE:HSBC) announced a quarterly dividend on Wednesday, October 14th. Stockholders of record on Friday, November 6th will be paid a dividend of $0.50 per share by the financial services provider on Thursday, December 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, November 6th.

HSBC has increased its dividend payment by an average of 0.3% annually over the last three years. HSBC has a dividend payout ratio of 28.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect HSBC to earn $9.66 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 20.5%.

HSBC Stock Down 1.5%

HSBC opened at $84.60 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53. The business’s 50-day moving average price is $97.71 and its 200-day moving average price is $93.36. The company has a market cap of $290.06 billion, a P/E ratio of 10.99, a P/E/G ratio of 0.94 and a beta of 0.56. HSBC has a 12 month low of $67.56 and a 12 month high of $107.92.

HSBC (NYSE:HSBC) last issued its quarterly earnings results on Tuesday, October 27th. The financial services provider reported $2.10 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.10). HSBC had a return on equity of 14.33% and a net margin of 19.59%. The company had revenue of $18.68 billion during the quarter, compared to the consensus estimate of $18.98 billion. On average, equities analysts expect that HSBC will post 8.41 EPS for the current year.

Institutional Investors Weigh In On HSBC

Several hedge funds have recently modified their holdings of HSBC. Quantinno Capital Management LP raised its holdings in shares of HSBC by 20.9% in the 1st quarter. Quantinno Capital Management LP now owns 525,775 shares of the financial services provider’s stock valued at $43,371,000 after acquiring an additional 90,711 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in HSBC in the second quarter worth about $4,412,000. Bessemer Group Inc. grew its position in shares of HSBC by 1,921.0% in the 1st quarter. Bessemer Group Inc. now owns 38,056 shares of the financial services provider’s stock worth $3,139,000 after buying an additional 36,173 shares during the period. Signal Advisors Wealth LLC purchased a new stake in shares of HSBC in the third quarter worth $1,325,000. Finally, QRG Capital Management Inc. raised its holdings in HSBC by 13.4% in the 2nd quarter. QRG Capital Management Inc. now owns 264,385 shares of the financial services provider’s stock worth $25,140,000 after acquiring an additional 31,191 shares during the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.

HSBC Company Profile

HSBC Holdings plc is a global banking and financial services company headquartered in London. Its principal subsidiary, The Hongkong and Shanghai Banking Corporation, was established in 1865 to facilitate trade between Europe and Asia. HSBC’s shares trade on the New York Stock Exchange in the form of American depositary receipts under the symbol HSBC.

The company provides personal and wealth banking, commercial banking, corporate and institutional banking, investment banking, global markets, and asset management services.