BAE Systems plc (LON:BA) Plans Dividend Increase – GBX 20.60 Per Share

BAE Systems plc (LON:BA) announced a dividend on Wednesday, February 19th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 17th will be given a dividend of GBX 20.60 ($0.27) per share on Monday, June 2nd. This represents a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, April 17th. This is a 66.1% increase from BAE Systems’s previous dividend of $12.40. The official announcement can be viewed at this link.

BAE Systems Price Performance

Shares of LON:BA opened at GBX 1,693 ($22.32) on Tuesday. The company has a debt-to-equity ratio of 94.02, a quick ratio of 0.91 and a current ratio of 1.03. The business’s fifty day moving average price is GBX 1,478.78 and its two-hundred day moving average price is GBX 1,329.37. The stock has a market cap of £52.41 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 3.33 and a beta of 0.33. BAE Systems has a one year low of GBX 1,012.50 ($13.35) and a one year high of GBX 1,415.25 ($18.66).

BAE Systems (LON:BA) last announced its earnings results on Wednesday, February 19th. The company reported GBX 68.50 ($0.90) earnings per share for the quarter. BAE Systems had a net margin of 7.49% and a return on equity of 16.87%. On average, analysts forecast that BAE Systems will post 73.537927 EPS for the current fiscal year.

Insider Buying and Selling at BAE Systems

In other BAE Systems news, insider Charles Woodburn sold 877,344 shares of the firm’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of GBX 1,565 ($20.64), for a total value of £13,730,433.60 ($18,104,474.68). Also, insider Tom Arseneault sold 155,717 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of GBX 1,557 ($20.53), for a total value of £2,424,513.69 ($3,196,879.87). Insiders have sold a total of 1,562,656 shares of company stock worth $2,420,076,634 in the last quarter. 0.14% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of BAE Systems from GBX 1,630 ($21.49) to GBX 1,725 ($22.75) and gave the stock an “overweight” rating in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 1,510 ($19.91) price objective on shares of BAE Systems in a report on Thursday, February 20th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,440 ($18.99) target price on shares of BAE Systems in a research note on Wednesday, February 19th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 1,528.75 ($20.16).

BAE Systems Company Profile

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.