The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Business Wire

HSBC USA Inc. Declares Dividends for Holders of Preferred Stock

Friday, February 24, 2012

HSBC USA Inc. Declares Dividends for Holders of Preferred Stock10:00 EST Friday, February 24, 2012 NEW YORK (Business Wire) -- 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 April 2, 2012 to stockholders of record on March 15, 2012: 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 $10.00 per share (equivalent to 25 cents per Depositary Share)   Floating Rate Non-Cumulative Preferred Stock, Series F $0.21875 (21.875 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. serve around 4 million customers through its retail banking and wealth management, commercial banking, private banking, asset management, and global banking and markets segments. HSBC USA Inc. is an indirect, wholly-owned subsidiary of HSBC North America Holdings Inc., one of the nation's largest bank holding companies by assets. HSBC Bank USA, N.A. is a member of the FDIC. HSBC USA Inc.Neal McGarity, 212-525-3422neal.e.mcgarity@us.hsbc.com