BAE Systems plc (LON:BA) Declares Dividend Increase - GBX 20.60 Per Share

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 seen at this link.

BAE Systems Trading Down 0.3 %

Shares of LON BA traded down GBX 5.90 ($0.08) during mid-day 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 cap of £53.11 billion, a P/E ratio of 29.43, a price-to-earnings-growth ratio of 3.33 and a beta of 0.33. 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 has a 50 day moving average price of GBX 1,521.25 and a two-hundred day moving average price of GBX 1,341.49. BAE Systems has a 1 year low of GBX 1,012.50 ($13.46) and a 1 year high of GBX 1,415.25 ($18.82).

BAE Systems (LON:BA - Get Free Report) last released its quarterly earnings data 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%. On average, equities analysts anticipate that BAE Systems will post 73.537927 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Brad Greve sold 363,705 shares of the company's stock in a transaction on Monday, April 7th. The shares were sold at an average price of GBX 1,497 ($19.90), for a total transaction of £5,444,663.85 ($7,239,281.81). Also, 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 transaction of £2,601,155.20 ($3,458,523.07). In the last 90 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.

Analyst Ratings Changes

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

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.