Standard Chartered PLC (STAN) To Go Ex-Dividend on March 27th

Standard Chartered PLC (LON:STAN) announced a dividend on Friday, February 21st, DividendData.Co.Uk reports. Shareholders of record on Thursday, March 27th will be paid 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 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 Price Performance

Shares of STAN stock traded up GBX 9.50 ($0.12) during trading hours on Tuesday, reaching GBX 1,187.50 ($15.34). 17,546,109 shares of the company’s stock were exchanged, compared to its average volume of 16,408,811. 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 market cap of £35.86 billion, a P/E ratio of 10.69, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85. The company’s 50 day moving average is GBX 1,138.84 and its two-hundred day moving average is GBX 977.39.

Wall Street Analyst Weigh In

Several brokerages have recently commented on STAN. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 970 ($12.53) price target on shares of Standard Chartered in a research note on Monday, February 24th. Citigroup increased their price objective on shares of 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Standard Chartered presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,073.33 ($13.87).

Insider Buying and Selling at Standard Chartered

In related news, insider Bill Winters sold 62,739 shares of the stock in a transaction dated 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). In the last ninety days, insiders have sold 144,361 shares of company stock worth $122,238,845. 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.