Hong Kong stocks are experiencing movements | China Mainland Banking stocks are collectively recovering. The June LPR Quote remains unchanged. Institutions recommend state-owned banks as a key focus for Hong Kong stock dividend value.
China Mainland Banking stocks collectively recovered in the morning. As of the time of writing, MINSHENG BANK (01988) rose 4.3% to HKD 4.61; Industrial And Commercial Bank Of China (01398) rose 2.99% to HKD 6.21; China Construction Bank Corporation (00939) rose 2.54% to HKD 7.67; Bank Of China (03988) rose 2.01% to HKD 4.56.
A short-term policy observation period has begun, and the June LPR Quote remains unchanged. The industry expects that interest rates may continue to be lowered in the second half of the year, leading to a reduction in the LPR.
① After the central bank implemented a policy interest rate cut in May, the LPR quotes for both term products were adjusted downward simultaneously that month, and it is currently being transmitted to loan interest rates; in June, the policy interest rate remained unchanged, and the factors affecting the LPR quotes did not experience significant changes, thus the LPR quotes for both term products remaining unchanged in June aligns with market expectations. ② We expect that in the short term, there will be a policy observation period, and the LPR quotes may continue to remain stable.
The LPR Quote for June has been released: the rates for both the 5-year and 1-year periods remain unchanged.
The loan market quoted interest rates (LPR) for June have been released: the LPR for periods over 5 years is 3.5%, the same as last month. The 1-year LPR is 3%, also unchanged from last month.
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12631268 : In one year, there are two distributions, totaling 0.336. At the current stock price, this should be around 6.2%, and after deducting 10% tax, the actual amount received is around 5.6%.
104553483 OP 12631268 : No wonder. Thank you for the instruction.
Chris Ivan Ang : They took the current dividend yield basing the base price of a share bought in 2019 to derive that 10%
104553483 OP : I found the answer for Div Yield TTM=9.06%.
I posted on 8/May, so:
8/May's Div Yield TTM
= Trailing 12-mth Dividend ÷ 7/May's closing price
= (0.15529+0.33571)÷5.42
= 9.06%
Dividen Warrior : u always use current div to divide by your purchase price. that's how u calculate your dividends for each counter...
fr there, don't fgt that foreigners minus 10% withholding tax. so do factor in too to get the final dividends payouts that u will receive
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