Standard Chartered (OTCMKTS:SCBFF) Stock Price Down 0.6% - Here's Why

Standard Chartered PLC (OTCMKTS:SCBFF - Get Free Report)'s stock price fell 0.6% during trading on Tuesday . The stock traded as low as $15.31 and last traded at $15.31. 629 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 33,200 shares. The stock had previously closed at $15.41.

Standard Chartered Price Performance

The business's 50-day simple moving average is $14.17 and its two-hundred day simple moving average is $13.60. The stock has a market cap of $38.75 billion, a price-to-earnings ratio of 14.22 and a beta of 0.67. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.84 and a quick ratio of 0.84.

Standard Chartered (OTCMKTS:SCBFF - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The company reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The company had revenue of $5.39 billion during the quarter, compared to analysts' expectations of $5.07 billion. Standard Chartered had a return on equity of 8.80% and a net margin of 8.56%. Research analysts expect that Standard Chartered PLC will post 1.66 earnings per share for the current year.

Standard Chartered Increases Dividend

The company also recently declared a dividend, which was paid on Monday, May 19th. Stockholders of record on Friday, March 28th were paid a dividend of $0.28 per share. This is a positive change from Standard Chartered's previous dividend of $0.09. The ex-dividend date of this dividend was Thursday, March 27th. Standard Chartered's dividend payout ratio (DPR) is presently 38.10%.

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.