HSBC said today a policy of sustainable dividends has been adopted and the bank intends to “transition towards a target payout ratio of between 40 percent and 55 percent of reported earnings per ordinary share from 2022 onwards. There is also flexibility to adjust EPS for non-cash significant items, such as goodwill or intangibles impairments, HSBC announced.

Source: The Standard February 23, 2021 04:18 UTC