Standard Chartered
Website:
Standard Chartered
Index:
FTSE 100
EPIC: STAN
Supersector:
Banks
Sector:
Banks
Subsector:
Banks
Market Cap:
£36.55B
Payout Frequency: -
Standard Chartered Dividend Analysis and Summary
Key Dividend Details
- Final dividend: 49 cents per share (USD) for FY’25; full-year dividend 61 cents, up 65% year on year.
- Ex-dividend date (UK): 19/03/2026 (Hong Kong: 18/03/2026)
- Record date: 20/03/2026
- Payment date: 14/05/2026
- Currency options: cash dividend payable in USD, GBP or HKD (last date to amend currency election: 16/04/2026).
- Cash outlay: final dividend c.$1,092m; total FY’25 ordinary dividends c.$1.38bn.
- Coverage: DPS 61c covered ~3.2x by reported EPS (195.4c) and ~3.8x by underlying EPS (229.7c); implied cash payout ~30% of reported profit to ordinary shareholders ($4.56bn).
- Share buybacks: new programme of $1.5bn to commence imminently (expected CET1 impact ~-58bps). Prior buybacks: $1.5bn (H1’25) and $1.3bn (completed 26 Jan 2026). Shares in issue down ~7% YoY to 2,247m.
Dividend Sustainability and Growth
- Earnings support: Reported profit to ordinary shareholders rose to $4.56bn; underlying RoTE 14.7% (reported 11.9%). Dividend coverage of 3.2–3.8x is robust.
- Capital strength: CET1 14.1% (target range 13–14%). Even after the new buyback (~58bps hit), CET1 should sit within/around the range, leaving headroom for the stated dividend.
- Cash generation/liquidity: LCR 155%; deposits up 12–14%; TNAV per share up 12% to $17.30—supportive of ongoing distributions.
- Outlook: 2026 guidance: reported income growth at ~bottom of 5–7% range, flat NII, broadly flat costs (ccy), statutory RoTE >12%. This points to maintained, but likely more measured, dividend growth versus FY’25’s step-up.
Capital Allocation and Policy Signals
- The Board highlights confidence via a materially higher DPS (+65%) and continued buybacks; total shareholder distributions announced since FY’23 results now $9.1bn.
- Buybacks complement the dividend and enhance per-share metrics; 2025 buybacks reduced CET1 by ~113bps, with the new $1.5bn guiding a further ~58bps in 1Q’26.
Notable Items/Structural Changes Affecting Dividends
- No demergers/share consolidation disclosed. Ongoing portfolio simplification continued (minor market exits), but immaterial to dividend capacity.
- Reporting will transition to a reported basis in 2026 (from “underlying”), but this is presentation not policy.
- Leadership update: interim CFO in place; a Capital Markets Day in May may refine financial targets and capital return cadence.
Risks and Flags to Dividend Stability
- Net interest income headwind: management guides flat NII and ongoing margin compression from lower rates—could temper earnings growth.
- RWA inflation: Operational and market risk RWA increases lifted total RWAs to $258bn; further rises could pressure CET1 if distributions remain elevated.
- Credit and macro/geopolitical risk: Credit impairment rose to $676m; overlays remain for China/Hong Kong CRE. Geopolitics and EM exposure add uncertainty.
- Regulatory/technology: evolving rules (incl. digital assets, AI) and operational risk recognition timing can affect capital requirements.
- FX: Dividends are USD-declared; GBP/HKD elections introduce currency risk for non-USD holders.
Read more
Standard Chartered Annual Dividend Yield - 1.99%
Dividends Used in Calculation:
| Ex-Dividend Date |
Payment Date |
Type |
Amount |
Currency |
| 27/03/2025 |
19/05/2025 |
Final |
28.00¢ |
USX |
| 07/08/2025 |
30/09/2025 |
Interim |
12.30¢ |
USX |
Total (Annual Dividends Per Share):
30.25p
(Using exchange rate on 18/03/2026
$ = £0.75058)
Dividend Yield =
Annual Dividends Per Share (30.25p)
÷ Share Price (1517.5p)
= 1.99%
Standard Chartered Dividend History
| Ex Dividend Date |
Payment Date |
Type |
Amount |
Currency |
| 19/03/2026 |
14/05/2026 |
Final |
49.00¢ |
USX |
| 07/08/2025 |
30/09/2025 |
Interim |
12.30¢ |
USX |
| 27/03/2025 |
19/05/2025 |
Final |
28.00¢ |
USX |
| 08/08/2024 |
10/10/2024 |
Interim |
9.00¢ |
USX |
| 07/03/2024 |
17/05/2024 |
Final |
21.00¢ |
USX |
| 10/08/2023 |
13/10/2023 |
Interim |
6.00¢ |
USX |
| 23/02/2023 |
11/05/2023 |
Final |
14.00¢ |
USX |
| 11/08/2022 |
14/10/2022 |
Interim |
4.00¢ |
USX |
| 24/02/2022 |
12/05/2022 |
Final |
9.00¢ |
USX |
| 12/08/2021 |
22/10/2021 |
Interim |
3.00¢ |
USX |
| 04/03/2021 |
20/05/2021 |
Final |
9.00¢ |
USX |
| 05/03/2020 |
14/05/2020 |
Final |
20.00¢ |
USX |
| 08/08/2019 |
21/10/2019 |
Interim |
7.00¢ |
USX |
| 07/03/2019 |
16/05/2019 |
Final |
15.00¢ |
USX |
| 09/08/2018 |
22/10/2018 |
Interim |
6.00¢ |
USX |
| 08/03/2018 |
17/05/2018 |
Final |
11.00¢ |
USX |
| 13/08/2015 |
19/10/2015 |
Interim |
14.40¢ |
USX |
| 12/03/2015 |
14/05/2015 |
Final |
57.20¢ |
USX |
| 13/08/2014 |
20/10/2014 |
Interim |
28.80¢ |
USX |
| 12/03/2014 |
14/05/2014 |
Final |
57.20¢ |
USX |
| 14/08/2013 |
17/10/2013 |
Interim |
28.80¢ |
USX |
| 13/03/2013 |
14/05/2013 |
Final |
56.77¢ |
USX |
| 08/08/2012 |
11/10/2012 |
Interim |
27.23¢ |
USX |
| 07/03/2012 |
15/05/2012 |
Final |
51.25¢ |
USX |
| 10/08/2011 |
07/10/2011 |
Interim |
24.75¢ |
USX |
| 09/03/2011 |
11/05/2011 |
Final |
46.65¢ |
USX |
| 11/08/2010 |
05/10/2010 |
Interim |
23.35¢ |
USX |
| 10/03/2010 |
13/05/2010 |
Final |
44.80¢ |
USX |
| 12/08/2009 |
08/10/2009 |
Interim |
21.23¢ |
USX |
| 11/03/2009 |
15/05/2009 |
Final |
42.32¢ |
USX |
| 13/08/2008 |
09/10/2008 |
Interim |
25.67¢ |
USX |
| 05/03/2008 |
16/05/2008 |
Final |
56.23¢ |
USX |
| 15/08/2007 |
10/10/2007 |
Interim |
23.12¢ |
USX |
| 07/03/2007 |
11/05/2007 |
Final |
50.21¢ |
USX |
| 16/08/2006 |
11/10/2006 |
Interim |
20.83¢ |
USX |
| 08/03/2006 |
12/05/2006 |
Final |
45.06¢ |
USX |
| 17/08/2005 |
14/10/2005 |
Interim |
18.94¢ |
USX |
| 23/02/2005 |
13/05/2005 |
Final |
40.44¢ |
USX |
| 11/08/2004 |
08/10/2004 |
Interim |
17.06¢ |
USX |
| 25/02/2004 |
14/05/2004 |
Final |
36.49¢ |
USX |
| 13/08/2003 |
10/10/2003 |
Interim |
15.51¢ |
USX |
| 26/02/2003 |
13/05/2003 |
Final |
32.90¢ |
USX |
| 14/08/2002 |
15/10/2002 |
Interim |
14.10¢ |
USX |
| 27/02/2002 |
17/05/2002 |
Final |
29.10¢ |
USX |
| 08/08/2001 |
12/10/2001 |
Interim |
12.82¢ |
USX |
| Year |
Interim |
Final |
Currency |
Total |
Change |
| 2024 |
9.000 |
28.000 |
USX |
37.000 |
37.030 |
| 2023 |
6.000 |
21.000 |
USX |
27.000 |
50.000 |
| 2022 |
4.000 |
14.000 |
USX |
18.000 |
50.000 |
| 2021 |
3.000 |
9.000 |
USX |
12.000 |
33.330 |
| 2020 |
|
9.000 |
USX |
9.000 |
-66.660 |
| 2019 |
7.000 |
20.000 |
USX |
27.000 |
28.570 |
| 2018 |
6.000 |
15.000 |
USX |
21.000 |
90.900 |
| 2017 |
|
11.000 |
USX |
11.000 |
-23.610 |
| 2015 |
14.400 |
|
USX |
14.400 |
-83.250 |
| 2014 |
28.800 |
57.200 |
USX |
86.000 |
0.000 |
| 2013 |
28.800 |
57.200 |
USX |
86.000 |
2.380 |
| 2012 |
27.230 |
56.770 |
USX |
84.000 |
10.520 |
| 2011 |
24.750 |
51.250 |
USX |
76.000 |
8.570 |
| 2010 |
23.350 |
46.650 |
USX |
70.000 |
6.010 |
| 2009 |
21.230 |
44.800 |
USX |
66.030 |
-2.880 |
| 2008 |
25.670 |
42.320 |
USX |
67.990 |
-14.310 |
| 2007 |
23.120 |
56.230 |
USX |
79.350 |
11.690 |
| 2006 |
20.830 |
50.210 |
USX |
71.040 |
11.000 |
| 2005 |
18.940 |
45.060 |
USX |
64.000 |
11.300 |
| 2004 |
17.060 |
40.440 |
USX |
57.500 |
10.570 |
| 2003 |
15.510 |
36.490 |
USX |
52.000 |
10.630 |
| 2002 |
14.100 |
32.900 |
USX |
47.000 |
12.110 |
| 2001 |
12.820 |
29.100 |
USX |
41.920 |
|
Standard Chartered Dividend Calculator
Standard Chartered Dividend Growth
| Dividend Growth (1Y) |
30.89%
|
| Dividend CAGR (5Y) |
36.61%
|
| Years of Growth |
4
|
| Payout Ratio |
29.12%
|
| Buyback Yield |
7.89%
|
| Shareholder Yield |
10.74%
|
| P/E Ratio (TTM) | 11.57 |
|---|
| Forward P/E | 9.4 |
|---|
| P/FCF | – |
|---|
| Earnings Yield | 9.33% |
|---|
| FCF Yield | -71.36% |
|---|
| ROE | 9.63% |
|---|
| ROCE | – |
|---|
| Profit Margin | 25.09% |
|---|
| Operating Margin | 34.89% |
|---|
| Gross Margin | – |
|---|