HSBC USA Inc. Declares Dividends for Holders of Preferred Stock
Board of directors declares the regular quarterly cash dividend on the company’s preferred stock.
14 May 2010
New York, NY - 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 July 1, 2010 to stockholders of record on June 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 | $10.11112 per share (equivalent to 25.2778 cents per Depositary Share) |
| Floating Rate Non-Cumulative Preferred Stock, Series F | $0.221181 (22.1181 cents) per shar |
| 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. through its subsidiaries including HSBC Bank USA, N.A. (collectively, HUSI) offers a full range of banking products and services to individuals, small businesses, corporations, institutions and governments. Its network extends to over 475 branches, with more than 370 in New York State as well as towns and cities across Florida, California, Washington, D.C., Pennsylvania, New Jersey, Delaware, Oregon, Washington, Maryland, Illinois, Connecticut and Virginia. 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. HSBC USA Inc. is a member of the FDIC.
Media Contacts
- Robert Sherman
- robert.a.sherman@us.hsbc.com
- 212-525-6901
