HSBC cancel dividends in light of the coronavirus pandemic. Photo: Sam Tsang
HSBC cancel dividends in light of the coronavirus pandemic. Photo: Sam Tsang
HSBC
Business /  Companies

From Boeing to HSBC, companies are scrapping billions in dividends on coronavirus fears

  • Investor lose out on payouts as companies hoard cash, bow to regulatory pressure
  • Investment-grade companies may need US$90 billion in new financing if downturn lasts six months, Goldman Sachs says

Chad Bray
Chad Bray in London

Updated: 9:57pm, 13 Apr, 2020

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HSBC cancel dividends in light of the coronavirus pandemic. Photo: Sam Tsang
HSBC cancel dividends in light of the coronavirus pandemic. Photo: Sam Tsang
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