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HSBC USA Inc. Declares Dividends for Holders of Preferred Stock
HSBC USA Inc. announced today that its board of directors declared the regular quarterly cash dividend on the company’s preferred stock as follows, each such dividend payable on October 1, 2010 to stockholders of record on September 15, 2010:
|
Series |
Dividend |
| 6.50% Non-Cumulative Preferred Stock, Series H | $16.25 per share (equivalent to 40.625 cents per Depositary Share) |
| Floating Rate Non-Cumulative Preferred Stock, Series G | $10.22224 per share (equivalent to 25.5556 cents per Depositary Share) |
| Floating Rate Non-Cumulative Preferred Stock, Series F | $0.223612 (22.3612 cents) per share |
| Adjustable Rate Cumulative Preferred Stock, Series D | $1.125 per share (equivalent to 28.125 cents per Depositary Share) |
| $2.8575 Cumulative Preferred Stock | $0.714375 (71.4375 cents) per share |
About HSBC USA Inc.
HSBC USA Inc. and its subsidiaries including HSBC Bank USA, N.A. (collectively, HUSI) offer its four million plus retail customers access to global markets and services. The bank provides a full-range of banking products and services to individuals, corporations, small businesses, institutions and governments through its personal financial services, commercial banking, private banking and global banking and markets segments. HSBC USA Inc. is an indirect, wholly-owned subsidiary of HSBC North America Holdings Inc., one of the largest bank holding companies in the United States by assets.
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