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

Standard Chartered PLC (LON:STAN) declared a dividend on Friday, February 21st, DividendData.Co.Uk reports. Shareholders of record on Thursday, March 27th will be paid 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 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 Stock Up 0.8 %

Shares of LON:STAN opened at GBX 1,187.50 ($15.34) on Tuesday. The firm has a market capitalization of £35.86 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 0.80 and a beta of 0.85. The stock’s 50 day moving average is GBX 1,138.84 and its 200-day moving average is GBX 977.39. Standard Chartered has a twelve month low of GBX 635.20 ($8.21) and a twelve month high of GBX 1,281 ($16.55).

Insider Buying and Selling

In other Standard Chartered news, insider Bill Winters bought 33,453 shares of the business’s stock in a transaction on Friday, March 14th. The stock was purchased at an average price of GBX 1,158 ($14.96) per share, for a total transaction of £387,385.74 ($500,563.04). In the last quarter, insiders have sold 144,361 shares of company stock valued at $122,238,845. 1.43% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Standard Chartered from GBX 1,170 ($15.12) to GBX 1,250 ($16.15) and gave the stock a “neutral” rating in a research note on Thursday, March 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 970 ($12.53) price objective on shares of Standard Chartered in a research note on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.