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. Stockholders 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 dividend 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 seen at this link.

Standard Chartered Trading Up 0.8 %

LON:STAN opened at GBX 1,187.50 ($15.34) on Tuesday. Standard Chartered has a 12-month low of GBX 635.20 ($8.21) and a 12-month high of GBX 1,281 ($16.55). The firm has a market cap of £35.86 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85. The stock has a fifty day moving average price of GBX 1,138.84 and a 200 day moving average price of GBX 977.39.

Insider Buying and Selling

In other news, insider Bill Winters sold 62,739 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of GBX 1,191 ($15.39), for a total transaction of £747,221.49 ($965,527.19). Insiders sold 144,361 shares of company stock valued at $122,238,845 over the last ninety days. Corporate insiders own 1.43% of the company’s stock.

Analysts Set New Price Targets

STAN has been the subject of a number of analyst reports. Citigroup boosted their price objective on Standard Chartered from GBX 1,170 ($15.12) to GBX 1,250 ($16.15) and gave the stock a “neutral” rating in a research report 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 report on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus 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.