LONDON - HSBC Holdings plc (NYSE:HSBC) has announced the conversion rates for its third interim dividend for the year 2024, which was approved by its directors on October 29, 2024. The dividend, amounting to US$0.10 per ordinary share, is set to be paid on December 19, 2024, to shareholders on record as of November 8, 2024.
The payment, which will be distributed in various currencies, has been set at approximately HK$0.777313 or £0.078285 per ordinary share, based on the forward exchange rates quoted by HSBC Bank plc at around 11.00 am today. These rates equate to US$1 to HK$7.773129 and £1 to US$1.277381 respectively.
Holders of American Depositary Shares (ADSs), with each ADS representing five ordinary shares, will receive a cash dividend of US$0.50 per ADS. The ADS dividends are also scheduled for payment on December 19 to those recorded on November 8.
This financial event is part of HSBC's planned distributions to its shareholders and reflects the company's ongoing commitment to return value to its investors. The dividend payout in multiple currencies offers flexibility to the global shareholder base of the bank.
The information provided is based on a press release statement and is intended for investors and the wider market, offering key details on the upcoming dividend distribution by one of the world's largest banking and financial services organizations.
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