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BAE Systems Haly Yearly Results

Posted: July 31st, 2019, 7:18 am
by idpickering
Financial performance measures as defined by the Group1

- Order backlog of £47.4bn has reduced marginally over the first half of the year with trading on multi-year, long-term contracts in Air partly offset by further growth in the US businesses.

- Sales increased by 4% on a constant currency basis6 to £9.4bn.

- Underlying EBITA of £999m increased by 9% on a constant currency basis6 and excluding the estimated impact of IFRS 16.

- Underlying earnings per share increased by 11% to 21.9p, excluding the one-off tax benefit. The Group's underlying effective tax rate (excluding the one-off tax benefit) for the first half of the year was 17%, consistent with the prior year.

- Operating business cash outflow of £309m.

- Net debt at £1.9bn (£904m at 31 December 2018).

And later;

Pension and dividend

- The Group's share of the pre-tax accounting net pension deficit increased to £4.3bn (31 December 2018 £3.9bn). The funding position is currently estimated to be approximately £2.0bn lower than the accounting position.

- Interim dividend increased by 4.4% to 9.4p per share.


https://www.investegate.co.uk/bae-syste ... 00112759H/

Re: BAE Systems Haly Yearly Results

Posted: July 31st, 2019, 8:05 am
by granretire
The directors have declared an interim dividend of 9.4p per ordinary share (2018 9.0p), totalling approximately £301m (2018 £288m). The dividend will be paid on 2 December 2019 to shareholders registered on 18 October 2019. The ex-dividend date is 17 October 2019.

Re: BAE Systems Haly Yearly Results

Posted: July 31st, 2019, 8:14 am
by funduffer
This is a healthy increase.

For the 5 years I have held BA. the dividend CAGR is about 2%, so an above-inflation rise of 4.4% is most welcome.

BA. is a good old 'steady eddy' to have in your HYP, if you can stomach the business they are in.

FD

Re: BAE Systems Haly Yearly Results

Posted: July 31st, 2019, 8:18 am
by idpickering
funduffer wrote:This is a healthy increase.

For the 5 years I have held BA. the dividend CAGR is about 2%, so an above-inflation rise of 4.4% is most welcome.

BA. is a good old 'steady eddy' to have in your HYP, if you can stomach the business they are in.

FD


I agree with your comments. Handy for added diversification for an HYP too. I've held since 15 Oct 2009.

Ian.

Re: BAE Systems Haly Yearly Results

Posted: July 31st, 2019, 2:39 pm
by 88V8
funduffer wrote:This is a healthy increase.


Appropriate, as this new word Ian has introduced apparently means Health Adjusted Life Year.

I tinkered BAE for CGT purposes a couple of years ago, and the pension overhang deters me from reinvesting.

V8