Global, Global Banking

HSBC Faces Pay Pressure and Dividend Fears from Investors

HSBC Faces Pay Pressure and Dividend Fears from Investors

Pay is not the only thing HSBC investors will challenge. Calls for reassurance on dividends, Chinese expansion and succession planning are all set to feature in Friday’s annual meeting. Concerns about moving to Asia have been replaced by a batch of fresh worries, topped by fears about whether an 8 percent dividend yield can be sustained as the global economy stalls.

“ Concerns about moving to Asia have been replaced by another batch of fresh worries, topped by fears about whether an 8 percent dividend yield can be sustained as the global economy stalls ”

~ Reuters

Such concerns mean shareholders, reeling from a 25 percent fall in HSBC’s share price over the last year, have given a proposal to buy back shares a lukewarm reception, citing a weak revenue outlook and fears that HSBC’s management has run out of ideas to support short-term growth.

Related Reports: Reuters, The Edge

 

About HSBC

HSBC is one of the world’s largest banking and financial services organisations. With around 6,000 offices in both established and emerging markets, we aim to be where the growth is, connecting customers to opportunities, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We serve more than 47 million customers through our four Global Businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking. Our network covers 71 countries and territories in Europe, Asia, the Middle East and Africa, North America and Latin America.

Listed on the London, Hong Kong, New York, Paris and Bermuda stock exchanges, shares in HSBC Holdings plc are held by about 213,000 shareholders in 132 countries and territories

Visit: HSBC


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