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Is HSBC Holdings plc (HSBC) Among the U.K. Dividend Champions for 2024?


Published on 2024-12-30 07:41:08 - MSN
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  • We recently compiled a list of the U.K. Dividend Champions List: 2024 Rankings by Yield. In this article, we are going to take a look at where HSBC Holdings plc (NYSE:HSBC) stands against the other U.

The article from MSN Money discusses whether HSBC Holdings PLC (HSBC) could be considered among the U.K. Dividend Champions for 2024. It highlights HSBC's historical performance, noting that the bank has a strong track record of paying dividends, although it suspended dividends during the financial crisis and the early stages of the global health crisis. The piece mentions HSBC's recent financial health, with a significant profit increase in 2023, which supports its ability to maintain or even increase its dividend payouts. However, the article also points out potential challenges such as economic volatility, regulatory changes, and geopolitical risks that could affect HSBC's future dividend stability. It concludes by suggesting that while HSBC has the potential to be a dividend champion, investors should consider these factors alongside the bank's strategic moves towards Asia and its efforts to streamline operations for better profitability.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/is-hsbc-holdings-plc-hsbc-among-the-u-k-dividend-champions-for-2024/ar-AA1wHnTs ]