Accuracy Coverage Pricing Help Centre Contact

Standard Chartered maintains its 2014 full year dividend

Investment Tools Ltd.
Standard Chartered maintains its 2014 full year dividend

Standard Chartered PLC - Highlights

For the year ended 31 December 2014

Reported results

Operating income of $18,234 million is down 2 per cent from 2013

Profit before tax of $5,193 million is down 25 per cent from 2013

Customer advances down 3 per cent to $289 billion, customer deposits up 6 per cent to $414 billion

Performance metrics

Dividend per share at 86.00 cents per share, the same level as 2013

Normalised earnings per share declined 28 per cent to 145.9 cents from 204.0 cents in 2013

Normalised return on ordinary shareholders' equity of 7.8 per cent (2013: 11.2 per cent)

Capital and liquidity metrics

Common Equity Tier 1 (CET 1) of 10.7 per cent on an end point basis under CRD IV rules5, 10.5 per cent on a transitional basis

Advances-to-deposits ratio of 69.7 per cent (2013: 75.7 per cent)

Liquid asset ratio of 32.2 per cent (2013: 29.8 per cent)

Key messages

2014 performance impacted by the challenging market environment, de-risking and disposal actions

Loan impairment increased 32 per cent primarily in Corporate and Institutional and Commercial Clients

Reallocated $8.5 billion risk weighted assets from low returning relationships and announced 15 business disposals

Strong balance sheet with healthy liquidity, leverage, and capital ratios

Programme of actions

Significant leadership changes

CET1 target of 11-12 per cent in 2015 and thereafter

Return on Equity target greater than 10 per cent in the medium term

$1.8 billion of cost savings over the next 3 years

$25 - $30 billion in Risk Weighted Assets savings over the next 2 years

Sustain momentum on raising the bar on conduct

Commenting on these results, the Chairman of Standard Chartered PLC, Sir John Peace, said:

"2014 was a challenging year and our performance was disappointing, but it was also a year when we took decisive action to refocus our strategy and to reposition the Group for the future and to restore shareholder value."

Commenting on these results, the Chief Executive Officer of Standard Chartered PLC, Peter Sands, said:

"We are reshaping the Bank to respond to the way our world has changed and to ensure we fulfil our aspiration to bank the people and companies driving trade, investment and the creation of wealth across Asia, Africa and the Middle East. I leave Standard Chartered proud of what we have achieved and confident about what the future holds for this extraordinary institution"

Companies mentioned

Latest News

Investment Tools Limited

Hipgnosis Songs Fund Limited is to announce the Company's interim dividend (the 'Dividend') for the period from 1 April 2020 to 30 June 2020 in respect of the Ordinary Shares. 

Read more
Investment Tools Limited

European Assets Trust PLC ("the Company") announces that a dividend of 1.755 pence per share will be paid on 31 July 2020 to shareholders on the register on 10 July 2020, having an ex-dividend date of 9 July 2020. 

Read more
Investment Tools Limited

The final dividend approved for the year ended 30 November 2019 was paid to shareholders on 5 June 2020.

Read more
Investment Tools Limited

A final dividend of 4.3p is being proposed by the XPS Pensions Board (FY 2019: 4.3p). The final dividend, if approved, which amounts to £8.8m (FY 2019: £8.8m), will be paid on 24 September 2020 to those shareholders on the register on 28 August 2020.

Read more
Investment Tools Limited

Primary Health Properties announces that the third quarterly interim dividend in 2020 of 1.475 pence per ordinary share of 12.5 pence each will be paid on 21 August 2020 to shareholders on the register on 3 July 2020. The dividend will comprise a Property Income Distribution (PID) of 1.275 pence per share and an ordinary dividend of 0.2 pence per share. The Company will be offering a scrip alternative with this dividend.

Read more
Investment Tools Limited

The Imomart dividend policy, which has been in place for several years now, is based on the profitability of the business in the period. They have committed to a pay-out policy of up to 40% of the adjusted diluted earnings per share delivered in a financial year. 

Read more
Investment Tools Limited

The Board is proposing a final dividend of 43.7 pence per share, an increase of 9.3 per cent on the 40.0 pence paid previously. Together with the interim dividend of 16.7 pence per share this is a total dividend for the year of 60.4 pence per share and compares to 55.9 pence per share previously. This is the 30th consecutive year of dividend growth.

Read more
Investment Tools Limited

The Polar Capital previously stated dividend policy remains that, under normal circumstances, they would expect to pay an annual dividend within a range of 55% to 85% of adjusted total earnings dependent on the quantum of performance fees earned in that year.

Read more
Investment Tools Limited

The National Grid Board has recommended an increase in the final dividend to 32.0 pence per ordinary share ($2.0126 per American Depositary Share) which will be paid to shareholders on the register as at 3 July 2020. If approved, this will bring the full year dividend to 48.57 pence per ordinary share, an increase of 2.6% over the 47.34 pence per ordinary share in respect of the financial year ending 31 March 2019. This rise is in line with the increase in UK RPI for the twelve months to 31 March 2020 as set out in the policy announcement of 28 March 2013.

Read more
Investment Tools Limited

The Safestore Board has announced an interim dividend of 5.9 pence per share, representing a 7.3% increase from the interim dividend paid last year of 5.5 pence. This will amount to a dividend payment of £12.4m (H1 2019: £11.6m). The dividend will be paid on 14 August 2020 to shareholders who are on the Company's register at the close of business on 10 July 2020. The ex-dividend date will be 9 July 2020. 100% (H1 2019: 100%) of the dividend will be paid as a property income dividend ("PID").

Read more
More News