Standard Chartered PLC (LON:STAN) Increases 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 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 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 Price Performance

Shares of LON STAN opened at GBX 1,187.50 ($15.34) on Tuesday. The firm’s 50-day moving average is GBX 1,138.84 and its two-hundred day moving average is GBX 977.39. The company has a market capitalization 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. Standard Chartered has a 12-month low of GBX 635.20 ($8.21) and a 12-month high of GBX 1,281 ($16.55).

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on STAN. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 970 ($12.53) target price on shares of Standard Chartered in a research note on Monday, February 24th. Citigroup upped their price objective on Standard Chartered from GBX 1,170 ($15.12) to GBX 1,250 ($16.15) and gave the company a “neutral” rating in a research report on Thursday, March 6th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 1,073.33 ($13.87).

Insider Activity at Standard Chartered

In other Standard Chartered news, insider Bill Winters purchased 33,453 shares of the business’s stock in a transaction on Friday, March 14th. The stock was bought at an average cost of GBX 1,158 ($14.96) per share, for a total transaction of £387,385.74 ($500,563.04). Over the last 90 days, insiders have sold 144,361 shares of company stock valued at $122,238,845. Company insiders own 1.43% of the company’s stock.

About Standard Chartered

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.