Thursday August 18, 11:25 am ET – PROSPECT HEIGHTS, Ill., Aug. 18 /PRNewswire/ — HSBC Finance Corporation announced today that its board of directors declared the first regular quarterly cash dividend on the company’s Series B preferred stock of $0.3621667 per depositary share payable September 15, 2005, to shareholders of record on August 31, 2005.

“We’re glad to see it because it means the board of directors acknowledges that the ways and means by which the profit was earned is their responsibility, and they condone the manner in which the company is operating” said analysts at Household – HSBC Watch consumer advocates. HSBC Finance Corporation is the new name of stained predatory lender Household International.

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