Standard Chartered PLC Declares Dividend Increase

Standard Chartered PLC (OTCMKTS:SCBFF) announced a significant increase in its dividend on Thursday, March 20th. Investors of record who hold shares by Friday, March 28th will receive a dividend of $0.28 per share, scheduled to be paid on Monday, May 19th. The ex-dividend date for this payout is set for Thursday, March 27th. This new dividend represents a remarkable 211.1% increase from the company’s previous dividend of $0.09.

Stock Performance of Standard Chartered

On the announcement day, Standard Chartered's stock opened at $15.51. The company's 50-day moving average stands at $14.08, while the 200-day moving average is at $12.27. Standard Chartered has a market capitalization of approximately $38.06 billion, with a price-to-earnings (PE) ratio of 13.97, and a beta of 0.67. Over the past year, the stock has seen a low of $7.70 and a high of $16.43. The company exhibits a debt-to-equity ratio of 1.48, a quick ratio of 0.84, and a current ratio of 0.84, indicating its financial health and liquidity.

Recent Earnings Report

Standard Chartered (OTCMKTS:SCBFF) reported its quarterly earnings on February 21st, revealing earnings per share (EPS) of $0.28 for the quarter. The company achieved a net margin of 8.56% and a return on equity of 8.80%, with total revenues reaching $4.80 billion during the period. Analysts project that Standard Chartered will report earnings of 1.66 per share for the current fiscal year.

About Standard Chartered

Standard Chartered PLC, along with its subsidiaries, provides a wide range of banking services across several regions, including Asia, Africa, the Middle East, Europe, and the Americas. The company operates through three main segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures.

Standard, Dividend, Increase