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TOPIC: HSBC Cancelled Dividends.

HSBC Cancelled Dividends. 02 Apr 2020 14:33 #1

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Seems HSBC has dropped.

Have I got the supports right ? :whistle:
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HSBC Cancelled Dividends. 01 Apr 2020 18:30 #2

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Paitech wrote:
You have to pay tax on dividend even in isa.
My way is different.
E.g if you have bought BP at 225p and even managed to sell at 325p, your profit inside ISA is not taxable. And you made more profit than dividends paid...just my two pence.
Ta G

Thanks Paitech.

I’ll look into it. :)
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HSBC Cancelled Dividends. 01 Apr 2020 11:43 #3

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HSBC Holdings Plc, Standard Chartered Plc, Royal Bank of Scotland Group Plc, Barclays Plc and Lloyds Banking Group Plc all canceled their outstanding dividends and buybacks and said there would be no payments in 2020.

The Bank of England’s Prudential Regulation Authority wrote to lenders on Tuesday, asking them to cancel dividend payments while calling attention to their role in supporting the wider economy. The watchdog included a sharp warning that it “expects banks not to pay any cash bonuses to senior staff, including all material risk takers.”
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HSBC Cancelled Dividends. 01 Apr 2020 11:07 #4

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You have to pay tax on dividend even in isa.
My way is different.
E.g if you have bought BP at 225p and even managed to sell at 325p, your profit inside ISA is not taxable. And you made more profit than dividends paid...just my two pence.
Ta G
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HSBC Cancelled Dividends. 01 Apr 2020 08:58 #5

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HSBC Cancelled Dividends.

I see HSBC have cancelled their next 3 dividends, and I believe the other banks are following.

I was considering investing, I may wait it out now. :whistle:

Perhaps the cancellation of the dividends, will start the next leg down, as people use dividends as a source of income.

Will other sectors follow? :dry:
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