Summary by Futu AI
The Bank of China announced that its overseas preferred dividend distribution plan was approved by the Board of Directors on 28 April 2023 and will be paid to shareholders on 4 March 2024. THE DIVIDEND PERIOD COVERED BY THE PLAN IS FROM 4 MARCH 2023 TO 4 MARCH 2024, WITH THE REGISTRATION DATE FOR THE SHARES SCHEDULED FOR 1 MARCH 2024. The total amount of preferred dividends distributed in this distribution is approximately $1,128 billion (before tax), and net of taxes, the amount actually paid to shareholders is approximately $1.015 billion. The Bank of China will instruct the payment agent The Bank of New York Mellon, London Branch to execute dividend payments. The announcement also states that final investors should inquire with their depositary or intermediary for any questions regarding dividend transfers.