HSBC Finance, a subsidiary of HSBC North America Holdings Inc (NYSE: HBC) has announced a planned dividend connected to its preferred shares. HSBC Finance Corporation, through its subsidiaries, owns and services a liquidating portfolio of residential real estate loans and unsecured loans, and also provides specialty insurance products.

HSBC Finance Corporation announced today that its board of directors declared the regular quarterly cash dividend on the company’s Series B preferred stock of $0.3975 per depositary share payable December 14, 2012, to shareholders of record on November 30, 2012.