Agricultural Bank of China (HK:1288) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Agricultural Bank of China Limited has announced a new coupon rate adjustment for its first tranche of preference shares, effective from November 2024. The updated rate combines a base rate of 1.83% and a fixed premium of 2.29%, resulting in a total coupon rate of 4.12%. This adjustment reflects the current yield on 5-year PRC Treasury bonds and promises an annual dividend payment.
For further insights into HK:1288 stock, check out TipRanks’ Stock Analysis page.