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

HSBC Holdings plc (LON:HSBA - Get Free Report) announced a dividend on Tuesday, October 29th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, November 7th will be given a dividend of $0.10 per share by the financial services provider on Thursday, December 19th. This represents a yield of 1.11%. The ex-dividend date of this dividend is Thursday, November 7th. The official announcement can be accessed at this link.

HSBC Stock Performance

LON:HSBA traded up GBX 21.60 ($0.28) during mid-day trading on Tuesday, reaching GBX 713.70 ($9.26). The stock had a trading volume of 38,470,771 shares, compared to its average volume of 26,856,330. The business has a 50 day simple moving average of GBX 668.17 and a 200 day simple moving average of GBX 672.92. HSBC has a twelve month low of GBX 572.90 ($7.43) and a twelve month high of GBX 729.20 ($9.46). The firm has a market capitalization of £129.82 billion, a price-to-earnings ratio of 805.73, a PEG ratio of 5.97 and a beta of 0.52.

Analyst Upgrades and Downgrades

HSBA has been the topic of a number of analyst reports. Citigroup restated a "buy" rating on shares of HSBC in a research note on Monday, September 2nd. Berenberg Bank reaffirmed a "buy" rating and set a GBX 870 ($11.28) price target on shares of HSBC in a research note on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of GBX 795 ($10.31).

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.