The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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I consider the drop this morning as a bonus. Topped-up...
Today's results have blown your chart up.
Lost today what it would be anyway. Ho hum.
Only that they expect to pay it in H1 2024, so by the end of June this year.
No mention of the Canadian deal special divi yet?
HSBC said that they were targeting a dividend payout ratio for 2023 and 2024 of 50% of EPS (excluding exceptional items) which is why the final this year is 31c.
Today they have confirmed their target payout ratio of 50% of EPS in 2024.
That $3bn writedown on the Bank of Communications stake stings on an otherwise great set of results.
I thought that the final dividend would be 21 cents to match the 51 cents yearly total, as it was a number of years ago, but in fact the final dividend is a massive 31 cents.
Https://www.hsbc.com/news-and-views/news/media-releases/2024/hsbc-holdings-plc-annual-results-2023
Hope tomorrow brings us great results and a high single digit share price rise like Barclays and NatWest got. Also, I'm curious to see if they'll announce how much special dividends and buybacks we're receiving from the sale of the Canadian unit to RBC.
#HSBA is moving in a bullish macro trend and within a smaller bullish pennant triangle. I have attached a few of my chart ideas. https://www.tradingview.com/x/ANERSpzz/ https://www.tradingview.com/x/7hlDYk9v/
Good decision to exit
Russian President Vladimir Putin gave approval on Monday for HSBC to sell its Russian unit to privately-owned Expobank, according to a government decree.
HSBC said in June 2022 that it had agreed to sell a 100 per cent stake in the unit, HSBC Bank (RR), to Expobank.
Moscow has steadily tightened restrictions on foreign asset sales since then, with banks requiring Putin's approval for any deal.
The latest analysts consensus for hsbc can be found using the link below.
https://www.hsbc.com/-/files/hsbc/investors/investing-in-hsbc/pdf/240208-consensus-financial-estimates-for-hsbc.pdf?download=1
Gervais Williams Premier Miton 17 mins in .
Bought FIRST REPUBLIC BANK for £1 worth 1 billion to HSBC.
https://www.investorschronicle.co.uk/podcasts/2024/02/06/i-always-feel-it-is-a-bit-disappointing-to-buyback-shares-gervais-williams-of-premier-miton-group/
Disappointed HSBC lost out to Barclays for the acquisition of Tesco’s retail bank.
Https://news.sky.com/story/hsbc-hit-with-16357m-fine-over-deposit-protection-13059778
More robbery and not as if HSBC was in need of the FSCS !!
Any reason why this dropped 6% over the past week or so?
Are they still midway through the £3bn buyback or has that ended?
Can I just check, do we have an estimated pay date for the final interim dividend and also the separate special dividend on the back of the Canada sale?
Am I right in saying the Canada dividend is expected to be $0.21 per share and the final interim dividend is expected to be $0.34 per share?
To take on Fintecs Revolut etc
Https://www.msn.com/en-gb/money/news/hsbc-joins-ranks-of-suitors-for-tesco-banking-arm/ar-AA1mlIWC
Current SP 635.5p gives a yield of 6.54% based on 0.53c divi
Hi All,
It is a long while since I have posted on this site, but we are still holding the HSBC shares we were left over twenty years ago!
Which time period do we tend to use to calculate the (annual) dividend yield?
Some will use the tax year, while others will use the calendar year.
Whichever time period we use, surely yield is based on the price paid per share.
We took advantage of the Rights Issue way back in 2009, and still hold those shares, so the yield on them is very good indeed - whichever annual time period is used.
As HSBC reports and declares dividends in US currency, there is the added complication for UK investors of the exchange rates used to distribute the dividends.
HSBC never declares a final dividend - it is always a further interim dividend, so at the annual results it will most likely be a fourth interim dividend, but I make no predictions as to how much that will be.
For this calendar year that has almost ended, we are very happy with the dividends we have received.
All the best for 2024.
Regards,
Steve