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HSBC Holdings PLC suspended the interim dividend of US$0.21 per ordinary share

1 min read | April 01, 2020 09:43 PM BST | By Team Kalkine Media
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HSBC Holdings PLC (LON:HSBA) has released a fourth interim dividend statement.

  • Post the letter received from Bank of England (BoE) through the Prudential Regulation Authority (PRA), HSBC has stopped the fourth interim dividend pertinent to 2019.
  • This suspension refers to maintaining liquidity amid Covid-19 pandemic situation, which is impacting financial performance.
  • Hence, there will be no quarterly or interim dividend throughout 2020.
  • The group will announce its first-quarter interim results on 29 April 2020.
  • On 1st April 2020, at the time of writing, GMT 09:33 AM, HSBA shares were trading at GBX 413.40, down by 40.85 points or 8.99% against the previous day closing price.

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