HSBC Holdings plc (NYSE:HSBC) Plans $1.80 Dividend

HSBC Holdings plc (NYSE:HSBC) declared a dividend on Wednesday, February 19th, NASDAQ Dividends reports. Investors of record on Friday, March 7th will be paid 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 payment by an average of 40.5% annually over the last three years. HSBC has a dividend payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Down 1.7 %

Shares of NYSE:HSBC traded down $1.00 during trading on Thursday, hitting $55.97. 1,727,333 shares of the company were exchanged, compared to its average volume of 1,505,216. The stock has a market cap of $200.45 billion, a price-to-earnings ratio of 9.25, a P/E/G 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 fifty-two week low of $36.93 and a fifty-two week high of $57.08. The firm has a fifty day moving average price of $50.96 and a two-hundred day moving average price of $46.91.

HSBC (NYSE:HSBC) last posted its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.04. HSBC had a net margin of 15.70% and a return on equity of 10.71%. The firm had revenue of $11.56 billion for the quarter, compared to analyst estimates of $13.79 billion. As a group, research analysts anticipate that HSBC will post 6.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft lowered HSBC from a “buy” rating to a “hold” rating in a research note 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.