BAE Systems plc
BAESFIndustrials · Stock · semiannual payer
Forward Yield
1.90%
Annual Dividend
$0.51
Payout Ratio
52%
5-Yr Growth
8.2%
Ex-Date
Oct 22, 2026
Frequency
Semiannual
Summary
As of September 2026, BAE Systems plc (BAESF) yields 1.90% ($0.51 per share annually), with a blended fair-value estimate of $19.86 — -26% downside, so it screens as overvalued. Dividend safety grade: C (60/100). 3 years of dividend growth.
Is BAESF a good dividend stock?
Yes, with caveatsBAE Systems plc (BAESF) pays a semiannual dividend yielding 1.90% ($0.51/yr), with 3 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (52%)
- Strong 8.2% 5-yr dividend growth
- 254% total price return over 5 years
Risks
- Cut its dividend in 2022
Key Data
- Dividend Yield
- 1.90%
- Payout Ratio
- 52%
- Annual Dividend
- $0.51
- 5-Yr Avg Growth
- 8.2%
- Ex-Dividend Date
- Oct 22, 2026
- Years of Growth
- 3
- Frequency
- semiannual
- Beta
- -0.06
- Market Cap
- $79.0B
- P/E Ratio
- 29.0
- 5-Yr Total Return
- 254%
- 52-Week Range
- $21.12 – $32.21
- Dividend Safety
- C · 60/100
- Ever Cut?
- Yes (2022)
Frequently Asked Questions
BAESF Price — Last 12 Months
Daily close
Price Return
1 Year
+9%
3 Years
+101%
5 Years
+254%
52-Week Range
$21.12 – $32.21
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is BAESF worth?
Overvaluedmedium confidenceOur blended fair-value estimate for BAE Systems plc is $19.86 per share, versus a market price of $27.00. That implies 26% of downside.
Fair Value
$19.86
Current Price
$27.00
Downside
-26%
Margin of Safety
-36%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 13.2% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.3% discount rate (CAPM), 13.2% stage-1 growth, 2.5% terminal growth, $0.93 EPS, $0.51 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
BAESF Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Apr 23, 2026 | — | $0.3080 | regular |
| Oct 23, 2025 | — | $0.1800 | regular |
| Apr 17, 2025 | — | $0.2730 | regular |
| Oct 24, 2024 | — | $0.1600 | regular |
| Apr 18, 2024 | — | $0.2300 | regular |
| Oct 19, 2023 | — | $0.1400 | regular |
| Apr 20, 2023 | — | $0.2060 | regular |
| Oct 20, 2022 | — | $0.1170 | regular |
| Apr 21, 2022 | — | $0.1990 | regular |
| Oct 21, 2021 | — | $0.1370 | regular |
| Apr 22, 2021 | — | $0.1990 | regular |
| Oct 22, 2020 | — | $0.1240 | regular |
| Aug 6, 2020 | — | $0.1810 | regular |
| Oct 17, 2019 | — | $0.1210 | regular |
Income Calculator
At $0.51 / yr per share
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