Business
HSBC Surpasses Nestle as World’s Top Dividend Payer, China Mobile Dominates in Hong Kong: A Deep Dive into Global Dividend Payouts
HSBC outperforms Nestle, becoming the globe's top dividend distributor, with China Mobile dominating amongst Hong Kong competitors. In the last quarter, HSBC claimed the title of the largest dividend distributor globally, while China Mobile took the lead among Hong Kong companies. However, firms in the Asia-Pacific region lagged behind the rest of the world.
The biggest bank in Europe and Hong Kong led the pack in dividend payments, distributing a total of US$11.7 billion in the June quarter. This was boosted by a unique dividend of US$4 billion, fueled by the proceeds from selling its business in Canada. This particular dividend was the largest globally for that quarter, making up almost one-third of the worldwide total.
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