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Bank of China ( (HK:3988) ) just unveiled an announcement.
Bank of China Limited has announced the approval of its dividend distribution plan for its Offshore Preference Shares, covering the period from March 2024 to March 2025. The Board of Directors has decided on a 3.60% annual dividend rate, with a total distribution of approximately USD112.8 million before tax. Additionally, the bank plans to redeem these shares at their U.S. Dollar Par Value, a move that has received regulatory approval, potentially impacting stakeholder investments and the bank’s capital structure.
More about Bank of China
Bank of China Limited is a major financial institution in the People’s Republic of China, providing a variety of banking and financial services. It focuses on both domestic and international markets, offering products such as preference shares to global investors.
YTD Price Performance: 6.25%
Average Trading Volume: 106,966
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $197B
See more insights into 3988 stock on TipRanks’ Stock Analysis page.
