HSBC HK’s Cash Dividend Announcement: Potential Impact on Shareholders

HSBC Holdings plc has officially announced a cash dividend for holders of the HSBC HK SDR 5TO1. This announcement could be significant for shareholders and potentially influence share prices. Here are the critical details:

Key Dividend Information

• SDR Name: HSBC HK SDR 5TO1
• Country of Incorporation: England
• Ratio: 1 Underlying Share to 5 SDR
• Gross Dividend Rate: HKD 0.15546
• Net Dividend Rate: HKD 0.15391
• Exchange Rate: 5.84624
• Final Dividend Rate in SGD: SGD 0.02633

Important Dates for Shareholders

• Ex-Date: 07 November 2024
• Record Date: 08 November 2024
• Payment Date: 19 December 2024 for Underlying Shares, 24 December 2024 for SDR
• Book Closure Period: From 06 November 2024 to 08 November 2024

The announcement made by HSBC Holdings plc regarding the cash dividend of US Dollars 0.1, converted to Hong Kong Dollars 0.15391 per SDR, and further converted to Singapore dollars at SGD 0.02633, could be price sensitive and impact shareholder decisions. The conversion process and rates are crucial for investors to understand the value of their dividends.

Potential Market Impact

This dividend announcement may influence the market perception of HSBC HK’s financial health and shareholder value. Investors should closely monitor exchange rates and market responses to this dividend announcement.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. Investors are encouraged to conduct their own research or consult with a financial advisor before making any investment decisions.