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Hsbc Holdings Plc premarket rise 1.09% due to UK record £36.7bn dividends, including HSBC's special payout after Canadian arm sale.
ByAinvest
Monday, Jul 22, 2024 4:39 am ET1min read
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.
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