Standard Chartered PLC (LON:STAN) Increases Dividend to $0.28 Per Share

Standard Chartered PLC (LON:STAN) announced a dividend on Friday, February 21st, DividendData.Co.Uk reports. Investors of record on Thursday, March 27th will be given a dividend of $0.28 per share by the financial services provider on Monday, May 19th. This represents a yield of 1.79%. The ex-dividend date of this dividend is Thursday, March 27th. This is a 211.1% increase from Standard Chartered’s previous dividend of $0.09. The official announcement can be accessed at this link.

Standard Chartered Trading Up 0.8 %

STAN traded up GBX 9.50 ($0.12) during trading on Tuesday, hitting GBX 1,187.50 ($15.34). 17,546,109 shares of the company’s stock were exchanged, compared to its average volume of 16,408,811. Standard Chartered has a 1 year low of GBX 635.20 ($8.21) and a 1 year high of GBX 1,281 ($16.55). The stock has a 50 day moving average price of GBX 1,138.84 and a 200 day moving average price of GBX 977.39. The firm has a market cap of £35.86 billion, a P/E ratio of 10.69, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85.

Insider Activity

In other news, insider Bill Winters sold 41,190 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of GBX 12 ($0.16), for a total transaction of £4,942.80 ($6,386.87). Insiders sold 144,361 shares of company stock worth $122,238,845 over the last ninety days. Corporate insiders own 1.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on STAN. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 970 ($12.53) price target on shares of Standard Chartered in a report on Monday, February 24th. Citigroup raised their target price on Standard Chartered from GBX 1,170 ($15.12) to GBX 1,250 ($16.15) and gave the company a “neutral” rating in a report on Thursday, March 6th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Standard Chartered presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,073.33 ($13.87).

Standard Chartered Company Profile

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures.