Standard Chartered PLC (LON:STAN) Announces $0.09 Dividend

Standard Chartered PLC (LON:STAN) announced a dividend on Tuesday, July 30th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 8th will be paid a dividend of $0.09 per share by the financial services provider on Thursday, October 10th. This represents a dividend yield of 0.96%. The ex-dividend date is Thursday, August 8th. The official announcement can be seen at this link.

Standard Chartered Trading Up 6.1 %

Shares of STAN opened at GBX 770.80 ($9.92) on Tuesday. Standard Chartered has a 12 month low of GBX 571 ($7.34) and a 12 month high of GBX 796 ($10.24). The stock has a fifty day moving average price of GBX 737.17 and a 200-day moving average price of GBX 686.50. The firm has a market cap of £19.66 billion, a PE ratio of 874.29, a P/E/G ratio of 1.06 and a beta of 0.83.

Analysts Set New Price Targets

Several analysts have recently commented on STAN shares. Citigroup reiterated a “neutral” rating on shares of Standard Chartered in a report on Monday, July 8th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,300 ($16.72) price objective on shares of Standard Chartered in a report on Thursday, April 18th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Standard Chartered in a research report on Thursday, May 2nd. Finally, Barclays upped their target price on Standard Chartered from GBX 750 ($9.65) to GBX 800 ($10.29) and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Standard Chartered has an average rating of “Moderate Buy” and a consensus target price of GBX 951.33 ($12.24).

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.