Steven Dotsch of dividend-income-investor writes about BAE systems
BAE Systems' 2011 results and dividends - 1 March 2012
Pre-tax profit was little changed at £1,493m from £1,453m, as BAE benefited from lower finance costs. Net profit of £1.24bn was up from £1.05bn in 2010 as operating costs fell 14 percent, while basic earnings per share (from continuing operations) increased from 27.9 pence to 37 pence.
BAE raised its final dividend by 7.4% to 11.3 pence from 10.5 pence last year, going ex dividend on 18 April and payable on 1 June, taking the total payout for the financial year to 18.8 pence.
"Little sales growth is expected for the group in 2012, in the current market conditions, while modest growth in underlying earnings per share is anticipated allowing for modest dividend growth to continue"