Standard Chartered PLC (LON:STAN) Declares Dividend Increase – $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 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 Stock Up 0.8 %

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Citigroup lifted their price target 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 note on Thursday, March 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 970 ($12.53) target price on shares of Standard Chartered in a research report on Monday, February 24th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,073.33 ($13.87).

Insiders Place Their Bets

In other news, insider Bill Winters sold 41,190 shares of the firm’s stock in a transaction 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 a total of 144,361 shares of company stock valued at $122,238,845 in the last 90 days. Corporate insiders own 1.43% of the company’s stock.

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.