Hsbc Holdings Plc premarket rise 1.09% due to UK record £36.7bn dividends, including HSBC's special payout after Canadian arm sale.

Hsbc Holdings Plc experienced a 1.09% increase in premarket trading. The stock surge can be attributed to the record-high UK dividends of £36.7bn for the second quarter of 2024, with HSBC's significant contribution following the sale of its Canadian arm. This led to a special dividend payout, boosting the overall dividend growth. Despite the mining sector's weak performance, banks, including HSBC, showed resilience in their dividend distributions, contributing to the positive market reaction.