Standard Chartered PLC (LON:STAN - Get Free Report) 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 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 viewed at this link.
Standard Chartered Stock Down 1.2 %
Shares of LON:STAN traded down GBX 14 ($0.18) during midday trading on Friday, hitting GBX 1,147.50 ($14.85). The stock had a trading volume of 84,623,328 shares, compared to its average volume of 17,124,916. The company has a market cap of £34.65 billion, a P/E ratio of 10.33, a PEG ratio of 0.80 and a beta of 0.85. Standard Chartered has a 12 month low of GBX 635.20 ($8.22) and a 12 month high of GBX 1,281 ($16.58). The business's 50-day simple moving average is GBX 1,148.80 and its 200-day simple moving average is GBX 987.27.
Insider Activity
In other news, insider Bill Winters bought 33,453 shares of the stock in a transaction dated Friday, March 14th. The shares were bought at an average price of GBX 1,158 ($14.99) per share, for a total transaction of £387,385.74 ($501,405.31). Insiders have sold 144,361 shares of company stock valued at $122,238,845 over the last ninety days. 1.43% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on STAN. Citigroup lifted their price objective on shares of Standard Chartered from GBX 1,170 ($15.14) to GBX 1,250 ($16.18) and gave the company a "neutral" rating in a research report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 970 ($12.56) price target 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 company's stock. According to MarketBeat.com, Standard Chartered has an average rating of "Moderate Buy" and a consensus price target of GBX 1,073.33 ($13.89).
Check Out Our Latest Analysis on STAN
About Standard Chartered
(
Get Free Report)
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.
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