Bank of China announces 2024 interim dividend of RMB 0.1208 per share

Bank of China (SSE: 601988) announced a cash dividend of RMB 0.1208 per share (pre-tax) for its 2024 interim results. The dividend will be paid to shareholders of record as of January 22, 2025, with the ex-dividend date and payment date both set for January 23, 2025. This equates to a total cash payout of approximately RMB 35.56 billion (pre-tax). Tax withholding rates will vary depending on shareholder type and holding period. For A-shares, individual investors holding shares for over one year will be exempt from dividend tax. Those holding shares for less than a year will be subject to varying rates, reaching up to 20%. QFII investors will have a 10% withholding tax applied. Separate arrangements are in place for H-share holders.