BAE Systems plc (LON:BA) to Issue Dividend of GBX 20.60

BAE Systems plc (LON:BA - Get Free Report) 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 accessed at this link.

BAE Systems Stock Performance

BA stock traded down GBX 5.90 ($0.08) during midday trading on Friday, hitting GBX 1,715.50 ($22.81). The stock had a trading volume of 4,711,644 shares. The firm has a market capitalization of £53.11 billion, a price-to-earnings ratio of 29.43, a P/E/G ratio of 3.33 and a beta of 0.33. The stock has a 50-day simple moving average of GBX 1,521.25 and a 200 day simple moving average of GBX 1,341.96. BAE Systems has a 52 week low of GBX 1,012.50 ($13.46) and a 52 week high of GBX 1,415.25 ($18.82). 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 - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported GBX 68.50 ($0.91) earnings per share (EPS) for the quarter. BAE Systems had a net margin of 7.49% and a return on equity of 16.87%. As a group, equities research analysts anticipate that BAE Systems will post 73.537927 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of BAE Systems from GBX 1,630 ($21.67) to GBX 1,725 ($22.94) and gave the company an "overweight" rating in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 1,510 ($20.08) price objective on shares of BAE Systems in a research note on Thursday, February 20th. Finally, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,440 ($19.15) price objective on shares of BAE Systems in a research note on Wednesday, February 19th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 1,528.75 ($20.33).

Insider Buying and Selling

In related news, insider Tom Arseneault sold 165,890 shares of BAE Systems stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of GBX 1,568 ($20.85), for a total value of £2,601,155.20 ($3,458,523.07). Also, insider Brad Greve sold 363,705 shares of the company's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of GBX 1,497 ($19.90), for a total value of £5,444,663.85 ($7,239,281.81). In the last ninety days, insiders have bought 30 shares of company stock worth $40,272 and have sold 1,562,656 shares worth $2,420,076,634. 0.14% of the stock is owned by company 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.