Standard Chartered PLC (STAN) Plans $0.11 Dividend

Standard Chartered PLC (LON:STAN) declared a dividend on Tuesday, February 27th, Upcoming.Co.Uk reports. Investors of record on Thursday, March 8th will be paid a dividend of $0.11 per share by the financial services provider on Thursday, May 17th. This represents a yield of 1.01%. The ex-dividend date of this dividend is Thursday, March 8th. The official announcement can be seen at this link.

LON STAN traded down GBX 2.40 ($0.03) on Thursday, reaching GBX 712.70 ($9.85). The company’s stock had a trading volume of 8,036,218 shares, compared to its average volume of 7,690,000. Standard Chartered has a twelve month low of GBX 678.80 ($9.38) and a twelve month high of GBX 864.20 ($11.94). The company has a market capitalization of $25,460.00 and a price-to-earnings ratio of 3,393.81.

In other Standard Chartered news, insider Andrew Nigel (Andy) Halford sold 6,215 shares of Standard Chartered stock in a transaction on Monday, March 19th. The stock was sold at an average price of GBX 761 ($10.51), for a total transaction of £47,296.15 ($65,344.22).

A number of research firms recently commented on STAN. Goldman Sachs restated a “conviction-buy” rating and issued a GBX 980 ($13.54) price objective on shares of Standard Chartered in a report on Monday. Credit Suisse Group reiterated an “underperform” rating and set a GBX 610 ($8.43) price target on shares of Standard Chartered in a report on Monday, March 19th. Barclays began coverage on Standard Chartered in a report on Thursday, March 15th. They set an “underweight” rating and a GBX 685 ($9.46) price target on the stock. Investec increased their price target on Standard Chartered from GBX 715 ($9.88) to GBX 730 ($10.09) and gave the company a “sell” rating in a report on Friday, March 2nd. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 900 ($12.43) price objective on shares of Standard Chartered in a research note on Wednesday, February 28th. Eight research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 741.53 ($10.25).

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Standard Chartered Company Profile

Standard Chartered PLC is an international banking company. The Banks’s segments include Corporate & Institutional Banking, Retail Banking, Commercial Banking and Private Banking. Its Corporate & Institutional Banking segment allows companies and financial institutions to operate and trade globally, and its Private Banking segment supports high net worth individuals with their banking needs across borders and offers access to global investment opportunities.

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