BAE Systems plc announce a dividend increased by 7.6%

DividendMax Ltd.

BAE Systems plc announce a dividend increased by 7.6%

The BAE Systems Board has recommended a final dividend of 16.6p for a total of 27.0p for the full year. Subject to shareholder approval at the May 2023 Annual General Meeting, the dividend will be paid on 1 June 2023 to shareholders on the share register on 21 April 2023.

Other financial highlights include:

- Record Order intake of £37.1bn propelled Order backlog to £58.9bn.

- Sales increased by 4.4% to £23.3bn.

- Expanded Return on sales by 20bps, to 10.7%.

- Underlying earnings per share increased by 9.5% to 55.5p.

- Free cash flow of £2.0bn exceeded expectations.

- Increased investment in capital expenditure and R&D.

- Share repurchases totalling £0.8bn in the year.

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