Summary by Futu AI
Industrial and Commercial Bank of China (ICBC) announced on June 28, 2024 that it will distribute the final ordinary dividends for the fiscal year ending on December 31, 2023. The dividend per share is RMB 0.3064, equivalent to approximately HKD 0.335715 at an exchange rate of 1 RMB to 1.095674278 HKD. The dividend will be distributed on August 19, 2024, and the ex-dividend date is July 8, 2024. Shareholders must submit share transfer documents before 4:30 p.m. on July 9, 2024 to qualify for the dividend distribution. Share transfer registration will be suspended from July 10 to 15, 2024. In addition, according to China's tax laws, ICBC will withhold 10% of the income tax from non-resident enterprises and individual shareholders, while Chinese mainland resident shareholders will be subject to a 20% tax rate for withholding personal income tax.