BAE Systems (BA.)

Sector:

Defense and Aeronautics

Index:

FTSE 100

589.60p
   
  • Change Today:
      4.20p
  • 52 Week High: 599.40
  • 52 Week Low: 397.00
  • Currency: UK Pounds
  • Shares Issued: 3,188.51m
  • Volume: 8,919,544
  • Market Cap: £18,799m
  • RiskGrade: 108

BAE announces £500m buyback as profit surges

By Sean Farrell

Date: Thursday 29 Jul 2021

LONDON (ShareCast) - (Sharecast News) - BAE Systems increased its dividend and announced a £500m share buyback as the arms and aerospace company reported a 61% increase in first-half profit.
Operating profit for the six months to the end of June rose to £1.3bn from £808m a year earlier as revenue increased to £9.34bn from £9.18bn. Sales at constant currency increased 6% to £10bn.

BAE increased its interim dividend by 5% to 9.9p a share and said it would buy back £500m of its shares over the next 12 months. Free cash flow was £461m compared with an outflow of £110m a year earlier excluding a £1bn pension contribution.

The FTSE 100 group said it was confident in full-year guidance for sales to increase 3-5% despite the stronger pound and underlying earnings per share to increase by the same range.

Charles Woodburn, BAE's chief executive, said: "Thanks to the outstanding efforts of our employees across the group, we have delivered a strong first half performance which underlines our confidence in the full-year guidance. We are driving enhanced cash generation. This enables us today to announce a 5% increase in the interim dividend as well as initiating a new share buyback programme of up to £500m."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BAE Market Data

Currency UK Pounds
Share Price 589.60p
Change Today 4.20p
% Change 0.72 %
52 Week High 599.40
52 Week Low 397.00
Volume 8,919,544
Shares Issued 3,188.51m
Market Cap £18,799m
RiskGrade 108

BAE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
52.09% below the market average52.09% below the market average52.09% below the market average52.09% below the market average52.09% below the market average
7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average
Price Trend
49.89% above the market average49.89% above the market average49.89% above the market average49.89% above the market average49.89% above the market average
28.57% above the sector average28.57% above the sector average28.57% above the sector average28.57% above the sector average28.57% above the sector average
Income
85.65% above the market average85.65% above the market average85.65% above the market average85.65% above the market average85.65% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
49.09% above the market average49.09% above the market average49.09% above the market average49.09% above the market average49.09% above the market average
Sector averageSector averageSector averageSector averageSector average

What The Brokers Say

Strong Buy 9
Buy 3
Neutral 7
Sell 0
Strong Sell 0
Total 19
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BAE Dividends

  Latest Previous
  Interim Final
Ex-Div 21-Oct-21 22-Apr-21
Paid 30-Nov-21 01-Jun-21
Amount 9.90p 14.30p

Trades for 22-Oct-2021

Time Volume / Share Price
16:37 412 @ 589.60p
16:37 17,556 @ 589.60p
16:35 11,448 @ 589.60p
16:35 1,694,151 @ 589.60p
16:29 1,000 @ 591.46p

BAE Key Personnel

Chair Roger Carr
CEO Charles Woodburn

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