HSBC HOLDINGS (00005.HK) -1.550 (-2.211%) Short selling $346.37M; Ratio 13.774% announced at noon that its 1Q24 reported profit before tax was in line with expectations, with quarterly dividend together with special dividend of US$31 cents per share, and a dividend payout ratio target for 2024 kept at 50%. HSBC HOLDINGS also announced a new round of share buyback program of up to US$3 billion, with scale larger than expected. Related NewsCiti: HSBC HOLDINGS Faces Increased Overhang Risk for PING AN's Stake Cut, But This Will be Over Prolonged Period to Maximize ValueHSBC HOLDINGS' share price rebounded after midday, and once peaked at $66.5. The stock last printed at $66.4, up 1.3%, with 13.6005 million shares traded, involving $893 million.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-17 16:25.)