Standard Chartered (LON:STAN) Trading Up 5.9% Following Dividend Announcement

Standard Chartered PLC (LON:STAN - Get Free Report) was up 5.9% during trading on Wednesday after the company announced a dividend. The stock traded as high as GBX 782.60 ($10.07) and last traded at GBX 770 ($9.90). Approximately 11,499,021 shares traded hands during mid-day trading, an increase of 44% from the average daily volume of 7,997,985 shares. The stock had previously closed at GBX 726.80 ($9.35).The newly announced dividend which will be paid on Thursday, October 10th. Shareholders of record on Thursday, August 8th will be given a $0.09 dividend. The ex-dividend date is Thursday, August 8th. This represents a yield of 0.96%. Standard Chartered's dividend payout ratio is presently 2,500.00%.Get Standard Chartered alerts:Analyst Ratings ChangesSeveral equities research analysts have recently issued reports on STAN shares. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of Standard Chartered in a research report on Thursday, May 2nd. Citigroup reaffirmed a "neutral" rating on shares of Standard Chartered in a research report on Monday, July 8th. Barclays lifted 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. Finally, Jefferies Financial Group reiterated a "buy" rating and set a GBX 1,300 ($16.72) price target on shares of Standard Chartered in a research note on Thursday, April 18th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Standard Chartered has a consensus rating of "Moderate Buy" and an average target price of GBX 951.33 ($12.24).Get Our Latest Stock Report on Standard CharteredStandard Chartered Price PerformanceThe company has a market capitalization of £19.64 billion, a price-to-earnings ratio of 875.00, a price-to-earnings-growth ratio of 1.06 and a beta of 0.83. The business's 50 day simple moving average is GBX 737 and its 200 day simple moving average is GBX 687.60. Standard Chartered Company Profile (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.Featured ArticlesFive stocks we like better than Standard CharteredHow the NYSE and NASDAQ are Different, Why That Matters to InvestorsAbbVie Analysts Lead the Stock Higher as Humira Worries RecedeThere Are Different Types of Stock To Invest InHarley-Davidson Stock Revs Up With Billion Dollar Buyback ProgramHow to Know if a Stock Pays Dividends and When They Are Paid OutCruise Line Stock Sinks Despite Beating EPS and Raised GuidanceThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ Jeff Bezos Just Humiliated Elon Musk (From InvestorPlace) (Ad)Should you invest $1,000 in Standard Chartered right now?Before you consider Standard Chartered, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Standard Chartered wasn't on the list.While Standard Chartered currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here