China Merchants Bank (HKG:3968, SHA:600036) will distribute 995.5 million yuan in dividends to holders of its domestic preference shares, Zhao Yin You 1, according to a Dec. 05 Hong Kong bourse filing.
Hong Kong-listed shares of the bank were down nearly 3% in Monday morning trade.
The firm declared a cash dividend of 3.62 yuan per preference share for the eighth annual distribution.
Holders on record after market close on Dec. 17 will be eligible, with payment scheduled for Dec. 18.
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