Returns as of 01/22/2021. Shares of sprawling international bank HSBC Holdings (NYSE:HSBC) tumbled on Wednesday, following the company's announcement that it is suspending its dividend. The Royal Bank of Scotland, Lloyds Banking Group, HSBC, Barclays and Standard Chartered all saw their share prices drop on the London Stock Exchange after they announced the suspension of shareholder payments. 07 April 2020. HSBC's suspension of its dividend and stock buybacks is only the latest retrenchment for the company. Mar 31, 2020 11:30PM EDT (RTTNews) - HSBC has cancelled the fourth-quarter interim dividend of US$0.21 per ordinary share, citing the current … But including dividends, HSBC’s total return is more than double the Hong Kong benchmark’s in the period. The stock was a market darling as recently as 2017, thanks to prospects for higher borrowing costs from the U.S. to Asia that makes lending a more profitable business. Updates stock price and adds CEO comment in fifth paragraph. Have a confidential tip for our reporters? HSBC just announced they are cancelling payment of the dividend announced on February 18th, and historically it has taken years for that dividend to return to pre-crisis levels. “We profoundly regret the impact this … Eligibilité des OPC au régime d’abattement pour durée de détention de droit commun prévu par 1 ter de l’Article 150-0D du Code Général des Impôts. New Residential Investment has been hit hard by the COVID -19 pandemic and is now selling assets. Bitcoin Plunge Has Newbies Scrambling to Google Double-Spend, China Imports Oil Doctored to Skirt U.S. Sanctions on Venezuela, Trump Reveals Extent of Pandemic Damage to Business Empire, Bitcoin’s Worst Week Since March Rattles Faith in Crypto Boom, Apple’s First Headset to Be Niche Precursor to Eventual AR Glasses. HSBC HK shareholders mull legal action over dividend suspension. HSBC and other top British banks on Wednesday announced the suspension of dividend payouts after pressure from the regulator to conserve capital as a buffer against expected losses from the … HSBC and other top British banks on Wednesday announced the suspension of dividend payouts after pressure from the regulator to conserve capital as a buffer against expected losses from the coronavirus crisis. 10/03/2014: HSBC EURO PME HSBC MICRO Open a live or demo account with IG and buy (long) or sell (short) … But it will be zero this year after the bank and peers said they won’t make dividend payments in the face of U.K. regulatory pressure. Today's reaction including a rediscussion of the domicile of HSBC's HQ indicates that the suspension of the dividends isn't voluntary. HSBC’s yield has been constantly higher than Hang Seng members as a whole. As of Thursday’s close, HSBC’s shares recovered nearly all of their losses since April 1, when the dividend suspension was announced, and Standard Chartered’s shares … Les investisseurs de détail à Hong Kong ont menacé de poursuites judiciaires contre HSBC et tenteront de forcer la banque à tenir une assemblée générale extraordinaire, après avoir été pressée par les régulateurs britanniques d’annuler son dividende en raison de la crise des coronavirus. On 31 March 2020, HSBC announced it was cancelling the fourth interim dividend for 2019 amid the economic uncertainty surrounding the coronavirus pandemic, and would not be paying the first three interim dividends for 2020. Sumeet Chatterjee and Felix Tam. But it will be zero this year after the bank and peers said they won’t make dividend payments in the face of U.K. regulatory pressure. HSBC HK shareholders mull legal action over dividend suspension. HSBC Hong Kong Shareholders Mull Legal Action Over Dividend Suspension More FILE PHOTO: HSBC logo is seen on a branch bank in the financial district in New York, U.S., August 7, 2019. Here are some charts further illustrating how views have changed on HSBC. A scrip gives investors the option to receive dividends in the form of equity. Looking to trade Lloyds, Barclays, NatWest, HSBC and other stocks? In its announcement, HSBC said that it "has a strong capital, funding and liquidity position," but the bank also noted "significant uncertainties in assessing the time period of the pandemic and its impact.". UK bank dividend suspension weighs on FTSE The UK’s FTSE 100 index of blue-chip stocks also tumbled today following the banks’ decision. HSBC and other UK banking groups have just scrapped dividends. Analysts’ average rating on HSBC shares was lowered by the most last week since 2009. 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