HSBC Holdings plc (HSBC) To Go Ex-Dividend on March 7th

HSBC Holdings plc (NYSE:HSBC) declared a dividend on Wednesday, February 19th, NASDAQ Dividends reports. Shareholders of record on Friday, March 7th will be given a dividend of 1.80 per share by the financial services provider on Friday, April 25th. The ex-dividend date of this dividend is Friday, March 7th.

HSBC has raised its dividend by an average of 40.5% per year over the last three years. HSBC has a payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect HSBC to earn $7.12 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 28.1%.

HSBC Trading Down 1.7 %

HSBC stock opened at $55.97 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $200.45 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 1.50 and a beta of 0.54. HSBC has a one year low of $36.93 and a one year high of $57.08. The company’s fifty day moving average price is $51.11 and its two-hundred day moving average price is $46.98.

HSBC (NYSE:HSBC) last posted its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.04. The business had revenue of $11.56 billion for the quarter, compared to analyst estimates of $13.79 billion. HSBC had a return on equity of 12.14% and a net margin of 16.17%. On average, analysts forecast that HSBC will post 6.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft lowered HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd.

HSBC Company Profile

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.