HSBC Reiterates Commitment To Pay A Special Dividend Of $0.21/Share Special Dividend From Canadian Banking Unit Sale In H1 2024; Declares Third Interim Dividend For FY23 Of $0.10/Share Or $0.50/ADS
Portfolio Pulse from Benzinga Newsdesk
HSBC has declared a third interim dividend for FY23 of $0.10 per share, amounting to a distribution of approximately $1.946bn. The dividend will be payable on 21 December 2023. The bank also reiterated its commitment to pay a special dividend of $0.21 per share from the proceeds of the sale of its Canadian banking unit in H1 2024. Any excess capital will be used to supplement share buy-backs.
October 30, 2023 | 8:11 am
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POSITIVE IMPACT
HSBC's declaration of a third interim dividend and commitment to a special dividend from the sale of its Canadian unit could potentially boost investor confidence and positively impact the stock in the short term.
Dividends are a sign of a company's financial health and profitability. HSBC's declaration of a third interim dividend and commitment to a special dividend indicates strong financial performance, which could attract investors and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100