Standard Life Equity Income Trust Plc (SLET) to Issue Dividend Increase – GBX 5 Per Share
Standard Life Equity Income Trust Plc (LON:SLET) declared a dividend on Wednesday, November 16th. Investors of record on Thursday, November 24th will be given a dividend of GBX 5 ($0.06) per share on Friday, December 16th. This represents a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 24th. This is a positive change from Standard Life Equity Income Trust Plc’s previous dividend of $3.60. The official announcement can be accessed at this link.
Standard Life Equity Income Trust Plc (LON:SLET) opened at 400.2801 on Thursday. The company’s 50 day moving average is GBX 4.17 and its 200-day moving average is GBX 4.13. Standard Life Equity Income Trust Plc has a 52-week low of GBX 360.00 and a 52-week high of GBX 467.00.
In other news, insider Burns,Richard bought 8,000 shares of the business’s stock in a transaction dated Friday, September 2nd. The shares were purchased at an average price of GBX 409 ($5.11) per share, for a total transaction of £32,720 ($40,879.56).
Separately, Peel Hunt reiterated an “outperform” rating on shares of Standard Life Equity Income Trust Plc in a research report on Thursday, October 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 417.50 ($5.22).
About Standard Life Equity Income Trust Plc
Standard Life Equity Income Trust PLC is an investment company. The Company’s objective is to provide shareholders with an above average income from their equity investment while also providing real growth in capital and income. The Company invests in a diversified portfolio consisting mainly of quoted United Kingdom equities.
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