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''I presume they are saying ''
NO - They aim to pay out 50% of earnings as dividends in 2023 and 2024.
They would like to get to pre Covid level payments as soon as they can.
I presume they are saying 50% of the dividends they used to pay when they paid 4 divs a year. Which I would take as 3 divs of 5c and a final of 10c as they always used to pay 50c over the year pre covid.
RogueRiver, just need LLOY to restart or even just start its quarterly dividends. Maybe another for 2023.
There were others in a similar boat. REITs stopped dividends in covid times now paying over 10% yield on buy prices and hopefully going to rise back up to pre covid levels too.
"50% of share price sounds like an acceptable dividend."
Except the SP would fall by 50% too! Still acceptable ?
I bought HSBA and Lloyds during Covid (summer 2020), on the basis that they would eventually be paying a decent divi again and consequently the market cap would rise. I couldn't understand why everyone else wasn't doing the same. Was I missing something? Apparently not.
50% of share price sounds like an acceptable dividend.
Given the current returns trajectory, we expect a dividend payout ratio of around 50% for 2023 and 2024. We also intend to revert to paying quarterly dividends in 2023, although we expect the quarterly dividend for the first three quarters to initially be reinstated at a lower level than the historical quarterly dividend of $0.10 per share paid up to the end of 2019.
10 cents
My guess:
7p per share + £1bn share buyback
(Probably gonna be nowhere near this :))
been working today but it has been a nightmare
That's great, thanks.
https://www.hsbc.com/investors/investing-in-hsbc/financial-calendar
Thanks, where are you finding your information please, mine looks a bit off!
1st August
Hi, does anyone know when the results are due please, Dividendmax.com show them as yesterday but I've not seen anything?
hey chevy 12 youre not the only one :)
Is it my computer but the last week I have been having terrible trouble accessing my hsbc invest account. it keeps coming up with having technical difficulties
I'm not a ramper, but - It's time to stock up, fill your boots , cos the good times are coming. Expect this to be split some time soon, Max Profit , BUY BUY BUY !
Hi there - Not a Deramp at all, more of a curiosity. I held HSBA from '16-'19 and only exited my position due to moving countries and needing the cash. For whatever reason i never refilled my position but have been monitoring possibilities for further investment. I was very intrigued at the updated GS valuation.
My main worry with HSBC currently is the exposure to China/HK in multiple facets. In recent years what has attracted me to HSBC is their bullish status and strong revenue % from the region.
1. In the recent troubles of HK rioting, tourism to HK plummeted and although this is mimicked all around the world thanks to covid, HK may struggle to ever come back to where it was compared to elsewhere. The BoE even stated that 6bn dollars had left HK in Private funds in that short period, and reuters/FT estimate that up to 30-40bn$ could leave via emigration alone.
2. The Fallout from Evergrande and Chinese lockdowns. HSBC were quick to state that they were exited from any direct exposure from Evergrande and the rolling developer "kick down the road until default". I don't have a reason to doubt this, but indirect exposure in Chinese development is everywhere. Shanghai's controversial lockdown killed the most recent GDP statements by 13.7% and is only slightly starting to recover from this.
As i said above - this is not a deramp; i am just interested to know what peoples opinions are on these issues, and more importantly- even with these issues being out of the picture or taken into account - what are you personally bullish about on HSBA, that say for example has you hooked over a different financial institution like PHNX or LGEN? (not even going to entertain any UK banks).
Thanks for reading if you get this far - hope all are doing in the heat.
On an uptrend. Shouldv'e bought last month. If I buy now it'll drop.
Goldman Sachs raises HSBC price target to 800 (710) pence - 'buy'
Goldman Sachs raises Standard Chartered price target to 1,030 (945) pence - 'buy'
i am in from 405p for too long than i care to remember.
holding until 605p
Fusion98
itsawrap,
I believe that they cannot stock lend shares without express permission from the account holder.
Whether that is part of the T&C's, and you have to opt out when opening up the account is another matter.
I was with HSBC until recently, and do not recall anything in their T&C's that allowed them to do this.
Each custodian will likely have their own policies, so maybe worth checking directly to be sure.
dividends recieved at 12.30 am