HSBC eyes paying dividend for 2020

Business | Staff reporter and agencies 10 Feb 2021

HSBC (0005) will consider the payment of any dividend for 2020 on February 23, the British lender said in a stock exchange filing yesterday.

This came after the Bank of England allowed British banks to resume paying dividends in December, saying they appeared well capitalised and resilient to any further coronavirus crisis fall-out..

Morgan Stanley expects HSBC could pay a dividend of as much as 22 US cents per share in 2021, while Standard Chartered's (2888) dividend payment could reach 21 US cents.

The BoE told Britain's seven biggest lenders in March last year to suspend dividends and share buy-backs until the end of 2020 and to cancel the payment of any outstanding 2019 dividends.

Separately, HKTV mall will provide data including merchants' revenue and refund records to the Hongkong and Shanghai Banking Corporation in the bank's credit evaluation process.

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