China Merchants Bank to pay dividend on preferred shares

China Merchants Bank (SSE: 600036) announced a cash dividend of RMB 3.62 (pre-tax) per share on its domestic preferred shares, "ZhaoYin You 1" (360028). The total dividend payout will be RMB 9.955 billion. The record date is December 17, 2024, with the ex-dividend date and payment date also falling on December 17 and 18, respectively. The dividend payment was approved by the board of directors on December 4, 2024, in accordance with the preferred share issuance plan and represents a 3.62% yield based on the share's face value. Tax withholding will apply according to relevant regulations. Resident corporate shareholders will receive the full pre-tax amount and be responsible for their own tax obligations.