Standard Chartered PLC (LON:STAN) Plans Dividend of $0.09

Standard Chartered PLC (LON:STAN) declared a dividend on Tuesday, July 30th, Upcoming.Co.Uk reports. Shareholders 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 yield of 0.96%. The ex-dividend date is Thursday, August 8th. The official announcement can be viewed at this link.

Standard Chartered Stock Up 0.3 %

STAN opened at GBX 772 ($9.93) on Wednesday. Standard Chartered has a twelve month low of GBX 571 ($7.34) and a twelve month high of GBX 796 ($10.24). The company has a fifty day moving average of GBX 737 and a 200-day moving average of GBX 687.60. The stock has a market cap of £19.69 billion, a PE ratio of 884.09, a price-to-earnings-growth ratio of 1.06 and a beta of 0.83.

Analyst Upgrades and Downgrades

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

About Standard Chartered

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.