Standard Chartered PLC (LON:STAN) Declares Dividend of $0.28

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 is Thursday, March 27th. This is a 211.1% increase from Standard Chartered’s previous dividend of $0.09. The official announcement can be viewed at this link.

Standard Chartered Trading Up 0.8 %

Shares of Standard Chartered stock opened at GBX 1,187.50 ($15.34) on Tuesday. 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 company has a 50 day moving average of GBX 1,138.84 and a 200-day moving average of GBX 977.39. The company 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.

Insider Activity

In other Standard Chartered news, insider Bill Winters sold 41,190 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of GBX 12 ($0.16), for a total value of £4,942.80 ($6,386.87). Insiders sold a total of 144,361 shares of company stock valued at $122,238,845 in the last ninety days. 1.43% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

STAN has been the subject of several analyst reports. Citigroup raised their price target 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 report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 970 ($12.53) price target on shares of Standard Chartered in a research report on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 1,073.33 ($13.87).

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.