Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

BAE Systems guides to slightly lower earnings, restarts dividend

Published 30/07/2020, 07:24
Updated 30/07/2020, 07:25
© Reuters.

LONDON (Reuters) - British defence company BAE Systems (LON:BAES) warned its underlying earnings would be slightly lower in 2020 due to COVID-19 working practices, but said demand for its products was high and it would restart dividend payments.

The company posted a 15% drop in underlying earnings per share to 18.7 pence for the first six months of the year, and guided for the year as a whole that measure would be a mid-single digit percentage lower than last year's 45.8 pence.

The dividend payment for the year ended December 2019 was deferred in April, but BAE Systems said on Thursday it would pay 13.8 pence per share in September, plus an interim dividend of 9.4 pence per share for the first-half.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.