Dividend Coverage: Dec 6, 2016 will mean $0.50 dividends for HSBC Holdings plc (NYSE:HSBC) shareholders.

Dividend Coverage: Dec 6, 2016 will mean $0.50 dividends for HSBC Holdings plc (NYSE:HSBC) shareholders.

HSBC Holdings plc (NYSE:HSBC) is expected to pay $0.50 on Dec 6, 2016. The indicated annual dividend is $2.00. Shareholders owning the stock before Oct 19, 2016 will be eligible to receive the payout. Based on HSBC Holdings plc’s current price of $38.35, the dividend is 1.30%. This dividend’s record date is Oct 21, 2016 and the announcement date is Oct 3, 2016. About 11,929 shares traded hands. HSBC Holdings plc (ADR) (NYSE:HSBC) has risen 15.55% since March 15, 2016 and is uptrending. It has outperformed by 10.06% the S&P500.

HSBC Holdings plc is the banking and financial services company. The company has a market cap of $151.15 billion. The Firm manages its services and products through approximately four businesses, such as Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It has a 17.22 P/E ratio. The Firm operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.

HSBC Holdings plc (ADR) (NYSE:HSBC) Ratings Coverage

Out of 8 analysts covering HSBC Holdings (NYSE:HSBC), 1 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 13% are positive. HSBC Holdings has been the topic of 12 analyst reports since September 30, 2015 according to StockzIntelligence Inc. As per Monday, April 25, the company rating was downgraded by CLSA. The firm has “Neutral” rating by JP Morgan given on Monday, June 27. BNP Paribas upgraded HSBC Holdings plc (ADR) (NYSE:HSBC) on Monday, June 27 to “Neutral” rating. The stock of HSBC Holdings plc (ADR) (NYSE:HSBC) has “Underweight” rating given on Monday, February 8 by Morgan Stanley. On Wednesday, September 30 the stock rating was upgraded by UBS to “”. The stock of HSBC Holdings plc (ADR) (NYSE:HSBC) has “Underperform” rating given on Thursday, March 24 by Bank of America. The rating was downgraded by Macquarie Research on Thursday, January 14 to “Neutral”. The firm has “Underweight” rating by JP Morgan given on Wednesday, January 6. The stock of HSBC Holdings plc (ADR) (NYSE:HSBC) earned “Neutral” rating by Citigroup on Tuesday, September 13. The rating was downgraded by BNP Paribas on Tuesday, March 29 to “Underperform”.

More notable recent HSBC Holdings plc (ADR) (NYSE:HSBC) news were published by: Businessfinancenews.com which released: “HSBC Holdings plc (ADR): Implications of Moody’s Rating over Brexit” on June 29, 2016, also Businessfinancenews.com with their article: “HSBC Holdings plc (ADR): In Talks to Sell Lebanon Operations” published on April 28, 2016, Businessfinancenews.com published: “HSBC Holdings plc (ADR) Litigated Again For Money Laundering” on February 11, 2016. More interesting news about HSBC Holdings plc (ADR) (NYSE:HSBC) were released by: Businessfinancenews.com and their article: “HSBC Holdings plc (ADR) 14 Years of Nightmare is Finally Over” published on June 19, 2016 as well as Businessfinancenews.com‘s news article titled: “HSBC Holdings plc (ADR): Saudi Setback, Moody’s Prophecy Coming True” with publication date: April 01, 2016.

HSBC Company Profile

HSBC Holdings plc (HSBC), incorporated on January 1, 1959, is the banking and financial services company. The Firm manages its services and products through approximately four businesses, such as Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). The Firm operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America. The Firm operates in over 70 countries and territories across the world.

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