Bank of China (HK:3988) has released an update.
Bank of China Limited has announced the reset of the dividend rate for its domestic preference shares ‘Zhong Hang You 3’ starting June 27, 2024, with the new rate set at 3.48%. The adjustment, which follows the initial five-year period, will apply the established benchmark interest rate of 2.05% and a fixed interest margin of 1.43%, with dividends to be paid annually.
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