BAE Systems plc (BA) to Issue Dividend of GBX 20.60 on June 2nd

BAE Systems plc (LON:BA) declared a dividend on Wednesday, February 19th, DividendData.Co.Uk reports. Investors 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 dividend 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 Stock Up 2.1 %

BA opened at GBX 1,693 ($22.32) on Tuesday. The business’s 50-day moving average price is GBX 1,478.78 and its 200-day moving average price is GBX 1,329.37. BAE Systems has a 12 month low of GBX 1,012.50 ($13.35) and a 12 month high of GBX 1,415.25 ($18.66). The company has a market cap of £52.41 billion, a P/E ratio of 29.04, a P/E/G ratio of 3.33 and a beta of 0.33. 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 posted its quarterly earnings results on Wednesday, February 19th. The company reported GBX 68.50 ($0.90) earnings per share for the quarter. BAE Systems had a return on equity of 16.87% and a net margin of 7.49%. On average, equities analysts expect that BAE Systems will post 73.537927 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BA shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,510 ($19.91) price target on shares of BAE Systems in a research note on Thursday, February 20th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,440 ($18.99) price objective on shares of BAE Systems in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. lifted their price target on shares of 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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 company’s stock in a transaction on Friday, March 28th. The shares were 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 dated 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). Insiders have sold a total of 1,562,656 shares of company stock valued at $2,420,076,634 over the last quarter. 0.14% of the stock is owned by corporate insiders.

About BAE Systems

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.