BAE Systems plc
BAESYIndustrials · Stock · semiannual payer
Forward Yield
1.92%
Annual Dividend
$1.94
Payout Ratio
51%
5-Yr Growth
7.9%
Ex-Date
Apr 24, 2026
Frequency
Semiannual
Summary
As of July 2026, BAE Systems plc (BAESY) yields 1.92% ($1.94 per share annually), with a blended fair-value estimate of $75.66 — -25% downside, so it screens as overvalued. Dividend safety grade: C (62/100). 3 years of dividend growth.
Is BAESY a good dividend stock?
Yes, with caveatsBAE Systems plc (BAESY) pays a semiannual dividend yielding 1.92% ($1.94/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 (51%)
- Strong 7.9% 5-yr dividend growth
- 220% total price return over 5 years
Risks
- Cut its dividend in 2017
Key Data
- Dividend Yield
- 1.92%
- Payout Ratio
- 51%
- Annual Dividend
- $1.94
- 5-Yr Avg Growth
- 7.9%
- Ex-Dividend Date
- Apr 24, 2026
- Years of Growth
- 3
- Frequency
- semiannual
- Beta
- -0.07
- Market Cap
- $73.9B
- P/E Ratio
- 28.0
- 5-Yr Total Return
- 220%
- 52-Week Range
- $84.50 – $126.00
- Dividend Safety
- C · 62/100
- Ever Cut?
- Yes (2017)
Frequently Asked Questions
BAESY Price — Last 12 Months
Daily close
Price Return
1 Year
+7%
3 Years
+95%
5 Years
+220%
52-Week Range
$84.50 – $126.00
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is BAESY worth?
Overvaluedmedium confidenceOur blended fair-value estimate for BAE Systems plc is $75.66 per share, versus a market price of $100.99. That implies 25% of downside.
Fair Value
$75.66
Current Price
$100.99
Downside
-25%
Margin of Safety
-33%
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 19.6% annual free-cash-flow growth. We model 13.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.3% discount rate (CAPM), 13.0% stage-1 growth, 2.5% terminal growth, $3.60 EPS, $1.94 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
BAESY 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 24, 2026 | — | $1.2150 | regular |
| Oct 24, 2025 | — | $0.7230 | regular |
| Apr 22, 2025 | — | $1.0440 | regular |
| Oct 25, 2024 | — | $0.6630 | regular |
| Apr 18, 2024 | — | $0.9330 | regular |
| Oct 19, 2023 | — | $0.5830 | regular |
| Apr 20, 2023 | — | $0.8020 | regular |
| Oct 20, 2022 | — | $0.5010 | regular |
| Apr 21, 2022 | — | $0.8000 | regular |
| Oct 21, 2021 | — | $0.5340 | regular |
| Apr 22, 2021 | — | $0.7930 | regular |
| Oct 22, 2020 | — | $0.4860 | regular |
| Aug 7, 2020 | — | $0.7230 | regular |
| Oct 17, 2019 | — | $0.4570 | regular |
Income Calculator
At $1.94 / yr per share
