China Minsheng Banking (HK:1988) has released an update.
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China Minsheng Banking Corp. has announced an adjustment to the dividend rate of its Minsheng Preference 1 shares, resulting in a new rate of 3.17%, effective from October 18, 2024. This rate comprises a benchmark interest rate of 1.79% and a fixed premium of 1.38%, reflecting the latest market conditions. The adjustment follows the bank’s policy of recalibrating dividend rates every five years.
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