FORM 6-K

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                        Report of Foreign Private Issuer
                    Pursuant to Rule 13a - 16 or 15d - 16 of
                       the Securities Exchange Act of 1934

                           For the month of May, 2008

                                HSBC Holdings plc

                              42nd Floor, 8 Canada
                         Square, London E14 5HQ, England


(Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F).

                          Form 20-F X Form 40-F ......

(Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934).

                                Yes....... No X


(If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82- ..............)


                                HSBC HOLDINGS PLC
               FIRST INTERIM DIVIDEND FOR 2008 ON ORDINARY SHARES

In accordance  with their  intention to pay quarterly  dividends on the ordinary
shares in a pattern of three  equal  dividends  with a variable  fourth  interim
dividend,  and as envisaged in the  announcement of the 2007 Annual Results on 3
March 2008,  the  Directors of HSBC  Holdings plc have  declared a first interim
dividend of US$0.18 per ordinary share in respect of the year ending 31 December
2008. The dividend will be payable on 9 July 2008 to holders of ordinary  shares
on the Register on 23 May 2008. The ordinary  shares will be quoted  ex-dividend
in London, Hong Kong and Bermuda on 21 May 2008 and in Paris on 26 May 2008. The
American  Depositary  Shares  will be quoted  ex-dividend  in New York on 21 May
2008.

Payment on Ordinary Shares

The first interim dividend will be payable on 9 July 2008 in cash in US dollars,
or in sterling or Hong Kong dollars,  or a combination of these  currencies,  at
the forward  exchange  rates quoted by HSBC Bank plc in London at or about 11.00
am on 30 June 2008, and with a scrip dividend alternative.  Particulars of these
arrangements  will be mailed to  holders of  ordinary  shares on or about 3 June
2008, and elections will be required to be made by 25 June 2008.

Any person who has acquired ordinary shares registered on the Principal Register
in the  United  Kingdom  but who has not  lodged  the  share  transfer  with the
Principal  Registrar  should do so before 4.00 pm on Friday 23 May 2008 in order
to receive the dividend.

The Hong Kong Overseas Branch  Register of  shareholders  will be closed for one
day, on Friday 23 May 2008.  Any person who has acquired  shares  registered  on
that Branch  Register  but who has not lodged the share  transfer  with the Hong
Kong  Branch  Registrar  should do so before  4.00 pm on Thursday 22 May 2008 in
order to receive  the  dividend.  Transfers  may not be made to or from the Hong
Kong Overseas Branch Register while that Branch Register is closed.

Any person who has acquired  ordinary shares  registered on the Bermuda Overseas
Branch Register of  shareholders  but who has not lodged the share transfer with
the Bermuda Branch  Registrar  should do so before 4.00 pm on Friday 23 May 2008
in order to receive the dividend.

Payment on Ordinary Shares held through Euroclear France

The dividend will be payable on ordinary shares held through  Euroclear  France,
the settlement and central  depositary system for Euronext Paris, on 9 July 2008
to the holders of record on 23 May 2008.  The dividend  will be payable in cash,
in euros at the forward  exchange rate quoted by HSBC France at or about 12 noon
on 30 June 2008, or as a scrip dividend.  Particulars of these arrangements will
be announced through Euronext Paris on 22 and 29 May 2008.

Payment on American Depositary Shares

The  dividend  will be  payable on  American  Depositary  Shares,  each of which
represents five ordinary  shares,  on 9 July 2008 to holders of record on 23 May
2008. The dividend of US$0.90 per American  Depositary  Share will be payable in
cash in US dollars or as a scrip  dividend of new  American  Depositary  Shares.
Particulars of these  arrangements  will be mailed to holders on or about 2 June
2008, and elections will be required to be made by 19 June 2008.  Alternatively,
the cash dividend may be invested in additional  American  Depositary Shares for
participants in the dividend reinvestment plan operated by the depositary.

Any person who has acquired  American  Depositary  Shares but who has not lodged
the transfer  documentation  with the depositary  should do so before 12 noon on
Friday 23 May 2008 in order to receive the dividend.

DIVIDEND ON 6.20% NON-CUMULATIVE US DOLLAR PREFERENCE SHARES,  SERIES A ("SERIES
A DOLLAR PREFERENCE SHARES")

In 2005  1,450,000  Series A Dollar  Preference  Shares were issued and Series A
American Depositary Shares, each of which represents  one-fortieth of a Series A
Dollar Preference Share, were listed on the New York Stock Exchange.

A  non-cumulative  fixed-rate  dividend  of 6.20 per cent per  annum is  payable
quarterly on the Series A Dollar Preference Shares on 15 December,  15 March, 15
June and 15 September at the sole and absolute  discretion  of the Board of HSBC
Holdings  plc.  Accordingly,  the  Board of HSBC  Holdings  plc has  declared  a
dividend  for the  quarter  ending 15 June  2008.  Since 15 June is not a normal
business day, the dividend of US$0.3875 per Series A American  Depositary  Share
will be payable on 16 June 2008 to holders of record on 30 May 2008.

Any person who has acquired Series A American  Depositary Shares but who has not
lodged the transfer  documentation  with the  depositary  should do so before 12
noon on Friday 30 May 2008 in order to receive the dividend.

INTERIM RESULTS

As indicated in the announcement of the 2007 Annual Results, the interim results
for the six months to 30 June 2008 will be announced on Monday 4 August 2008.

The  Directors of HSBC  Holdings plc are S K Green,  Baroness  Dunn*,  Sir Brian
Moffat*,  M F Geoghegan,  Lord Butler*, S A Catz+, V H C Cheng, J D Coombe+, J L
Duran+, R A Fairhead+,  D J Flint, A A Flockhart, W K L Fung*, S T Gulliver, J W
J  Hughes-Hallett+,  W S H Laidlaw+,  Sir Mark  Moody-Stuart+,  G Morgan+, N R N
Murthy+, S W Newton+, S M Robertson+ and Sir Brian Williamson+.

* Non-executive Director
+ Independent non-executive Director

Note to editors:

HSBC Holdings plc

HSBC Holdings plc serves over 128 million  customers  worldwide  through  around
10,000  offices in 83 countries  and  territories  in Europe,  the  Asia-Pacific
region, the Americas,  the Middle East and Africa.  With assets of some US$2,354
billion at 31  December  2007,  HSBC is one of the world's  largest  banking and
financial  services  organisations.  HSBC is marketed  worldwide as 'the world's
local bank'.


                                    SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                               HSBC Holdings plc

                                                By:
                                                Name:  P A Stafford
                                                Title: Assistant Group Secretary
                                                Date:  06 May, 2008