BAE Systems plc (LON:BA) to Issue Dividend of GBX 8.80

BAE Systems plc (LON:BA) announced a dividend on Wednesday, August 2nd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 19th will be paid a dividend of GBX 8.80 ($0.12) per share on Thursday, November 30th. This represents a yield of 1.51%. The ex-dividend date of this dividend is Thursday, October 19th. The official announcement can be accessed at this link.

BAE Systems plc (BA) opened at 589.50 on Friday. BAE Systems plc has a 12-month low of GBX 532.00 and a 12-month high of GBX 682.34. The company’s market cap is GBX 18.74 billion. The stock has a 50 day moving average price of GBX 612.53 and a 200-day moving average price of GBX 624.33.

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In other BAE Systems plc news, insider Roger Carr purchased 33,869 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was acquired at an average price of GBX 591 ($7.80) per share, for a total transaction of £200,165.79 ($264,140.66). Insiders acquired a total of 33,944 shares of company stock valued at $20,061,124 in the last quarter.

Several research firms have recently weighed in on BA. Kepler Capital Markets reissued a “buy” rating and set a GBX 700 ($9.24) price target on shares of BAE Systems plc in a report on Monday, September 18th. Barclays PLC reissued an “underweight” rating and set a GBX 460 ($6.07) price target on shares of BAE Systems plc in a report on Friday, August 4th. Citigroup Inc. reissued a “buy” rating and set a GBX 720 ($9.50) price target on shares of BAE Systems plc in a report on Tuesday, July 11th. JPMorgan Chase & Co. lowered their price target on BAE Systems plc from GBX 630 ($8.31) to GBX 610 ($8.05) and set a “neutral” rating on the stock in a report on Friday, August 4th. Finally, Goldman Sachs Group, Inc. (The) reissued a “conviction-buy” rating and set a GBX 750 ($9.90) price target on shares of BAE Systems plc in a report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of GBX 648.08 ($8.55).

About BAE Systems plc

BAE Systems plc is a defense, aerospace and security company. The Company operates through five segments. The Electronic Systems segment consists of the Company’s United States and United Kingdom-based electronics activities. The Cyber & Intelligence segment consists of its United States-based Intelligence & Security business and United Kingdom-based Applied Intelligence business, and covers the Company’s cyber, secure government, and commercial and financial security activities.

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