Does HSBC have a Scrip Dividend scheme?
Yes. At the election of the shareholder, dividends can be satisfied in whole or in part by the issue of new shares in lieu of a cash dividend. The new ordinary shares will be issued subject to the Memorandum and Articles of Association of the Company and will rank equally with the existing ordinary shares in all respects. For more details on the terms of the Scrip Dividend Scheme and basis of allotment of new shares, please follow this link to read or download the letter to shareholders in respect of HSBC’s most recently declared dividend. Once determined, the scrip dividend alternative price is announced to the London, Hong Kong, Paris and Bermuda stock exchanges, and to the New York stock exchange in respect of ADSs.
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