BOC Hong Kong Holdings Ltd Posts Strong Annual Results
BOC Hong Kong Holdings Ltd has just released its annual results for the year ended December 2024, and the numbers are impressive. The company’s net profit has seen a significant increase of 16.8% year-over-year, a clear indication of its growing financial health.
The earnings per share (EPS) have also risen, a testament to the company’s ability to generate profits for its shareholders. Furthermore, the dividend payout ratio has increased by 1 percentage point to 55%, a sign of the company’s commitment to rewarding its investors.
The final dividend declared by the company is higher than the previous year, contributing to a total annual dividend of $1.989, a 19% increase year-over-year. This is a welcome news for investors, who will be pleased to know that they will be receiving a higher payout.
In a move that is expected to delight its investors, the company has proposed to distribute dividends on a quarterly basis from this year. This change in strategy is likely to provide a more consistent and predictable income stream for its shareholders, making it an attractive option for those looking to invest in the company.
Key Highlights:
- Net profit increased by 16.8% year-over-year
- Earnings per share (EPS) rose
- Dividend payout ratio increased by 1 percentage point to 55%
- Total annual dividend increased by 19% year-over-year to $1.989
- Proposed quarterly dividend distribution from this year