HSBC Holdings PLC (HSBA) Dividend for 2020 - Exchange Rate .....

[IanTHughes]

.....can be found here

https://www.investegate.co.uk/hsbc-hold ... LC%20Alert

Dividends payable in cash in Hong Kong dollars or sterling were converted from United States dollars at the forward exchange rates quoted by HSBC Bank plc in London at or about 11.00 am on 19 April 2021 (US$1=HK$7.769024 and £1=US$1.389879). Accordingly, the cash dividend payable on 29 April 2021will be:

US$0.15 per share;
approximately HK$1.165354 per share; or
approximately £0.107923 per share

Ian

[Dod101]

A bit earlier than this time last year, someone noticed that HSBC had not published their exchange rates for the final dividend and speculated that it might be a forerunner for what actually happened; the dividend was cancelled on the 'instruction' of the PRA. Today's announcement hopefully means that we will actually be paid for the first time in over a year, on 29 April.

Will consider an interim div at the half year results i think they said.

Dod

[monabri]

https://www.rns-pdf.londonstockexchange ... 1-2-23.pdf

Transition towards a payout ratio of 40-55% from 2022 onwards (3)

 Dividends could be supplemented by buybacks or special dividends, over time and not in the near-term (65)

 We will no longer offer a scrip dividend option, and will pay dividends entirely in cash

 We will not be paying quarterly dividends during 2021 but will consider whether to announce an interim
dividend at 1H21 results (66)


(3) We intend to transition towards a target payout ratio of between 40% and 55% of reported earnings per ordinary share
(‘EPS’) from 2022 onwards, with the flexibility to adjust EPS for non-cash significant items, such as goodwill or intangibles
impairments

(65) Should the Group find itself in an excess capital position absent compelling investment opportunities to deploy that excess

(66]The Group will review whether to revert to paying quarterly dividends at or ahead of its 2021 results announcement in
February 2022