HSBC Holdings PLC (NYSE:HSBC) is a top UK dividend growth stock to consider.
The company’s dividend has grown at a compound annual growth rate of 37.97% over the past five years
On July 8, Morgan Stanley reiterated an Equal Weight rating on HSBC Holdings PLC (NYSE:HSBC) and raised the price target to 1,527 GBp from 1,463 GBp. Northfoto/ Earlier, on July 7, the financial services company confirmed it is sharpening its focus in Turkey as it continues to target clients with international and cross-border banking needs. The focus also comes as the company continues its strategic review of its retail banking and domestic-focused, smaller- and mid-sized corporate banking operations.
The review is part of an ongoing simplification push as HSBC seeks to increase leadership and market share in areas of clear competitive edge. However, the review does not include the wholesale banking activities of HSBC’s Corporate and Institutional Banking business in Turkey. HSBC Holdings plc (NYSE:HSBC) is one of the world’s largest banking and financial services organizations, serving over 40 million personal, wealth, and corporate customers across 56 countries and territories.