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

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

BAE Systems Price Performance

Shares of BA opened at GBX 1,693 ($22.32) on Tuesday. The firm has a market capitalization of £52.41 billion, a PE ratio of 29.04, a P/E/G ratio of 3.33 and a beta of 0.33. The stock’s 50 day moving average is GBX 1,478.78 and its two-hundred day moving average is GBX 1,329.37. BAE Systems has a twelve month low of GBX 1,012.50 ($13.35) and a twelve month high of GBX 1,415.25 ($18.66). The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 94.02.

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other BAE Systems news, insider Charles Woodburn sold 877,344 shares of the business’s stock in a transaction on 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 165,890 shares of the firm’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of GBX 1,568 ($20.68), for a total value of £2,601,155.20 ($3,429,793.25). In the last quarter, insiders sold 1,562,656 shares of company stock worth $2,420,076,634. 0.14% of the stock is owned by corporate insiders.

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.