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LONDON – Prudential (LON:PRU) plc has announced its 2024 second interim dividend, detailing the payment amounts in various currencies for shareholders on the UK and Hong Kong registers. The dividend of 16.29 US cents per ordinary share will be paid on May 14, 2025, with options for a scrip dividend alternative for Hong Kong shareholders.
UK register shareholders who have not elected to receive the dividend in US dollars will be paid in pounds sterling at the conversion rate of 0.752106, resulting in approximately 12.251807 pence per ordinary share. Similarly, Hong Kong register shareholders will receive their payment in Hong Kong dollars at the conversion rate of 7.758350, equating to approximately 1.263835 Hong Kong dollars per share.
The conversion rates for both pounds sterling and Hong Kong dollars were determined by the actual rates achieved by Prudential buying those currencies prior to the announcement date. Shareholders who have opted for the scrip dividend alternative will receive new shares on the Hong Kong line only, with any fractional shares paid in cash in the respective currencies at the same rates.
Prudential plc, which is not affiliated with Prudential Financial (NYSE:PRU), Inc. in the United States nor The Prudential Assurance Company Limited in the UK, is a provider of life and health insurance and asset management with a presence in 24 markets across Asia and Africa. The company is listed on several exchanges, including the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (LON:LSEG) (PRU), and offers its shares through trading programs like the Shenzhen-Hong Kong Stock Connect.
The dividend announcement is based on a press release statement and reflects the company’s commitment to providing shareholder value while maintaining its position in the global market.
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