HSBC Holdings plc (LON:HSBA) to Issue Dividend of $0.10

HSBC Holdings plc (LON:HSBA) 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 is Thursday, November 7th. The official announcement can be seen at this link.

HSBC Price Performance

LON HSBA opened at GBX 720.20 ($9.34) on Tuesday. The stock has a market capitalization of £131.00 billion, a price-to-earnings ratio of 808.76, a PEG ratio of 5.97 and a beta of 0.52. HSBC has a 1-year low of GBX 572.90 ($7.43) and a 1-year high of GBX 729.20 ($9.46). The business’s fifty day moving average price is GBX 668.17 and its 200-day moving average price is GBX 672.92.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HSBA. Berenberg Bank reissued a “buy” rating and issued a GBX 870 ($11.28) target price on shares of HSBC in a report on Wednesday, August 21st. Citigroup reiterated a “buy” rating on shares of HSBC in a research note on Monday, September 2nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.