
BAE Systems (BAESY) Dividend
BAE Systems plc · Industrials · Aerospace & Defense · semiannual payer
As of Nov 5, 2026, BAE Systems (BAESY) pays a twice-yearly dividend, or $2.02 a year, a 1.90% yield at its $101.35 share price. It pays twice a year, usually in June and December. It has raised its dividend 3 years in a row and has a dividend safety grade of B.
Forward Yield
1.90%
Annual Dividend
$2.02
Payout Ratio
52%
5-Yr Growth
7.9%
Ex-Date
Oct 23, 2026
Frequency
Semiannual
Key facts about BAESY's dividend
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, BAE Systems plc (BAESY) has a forward dividend yield of 1.90%, based on an annual dividend of $2.02 per share and a share price of $101.35.
- As of Nov 5, 2026, BAESY's dividend safety grade from SmarterDividends is B (67 out of 100), which rates the dividend as safe.
- By SmarterDividends' count, BAE Systems plc (BAESY) has raised its dividend for 3 consecutive years as of Nov 5, 2026.
- BAESY last cut its regular dividend in 2017.
- BAESY's most recent ex-dividend date was Oct 23, 2026, for a dividend of $0.79 per share.
- As of Nov 5, 2026, BAESY pays out 52% of its trailing 12-month earnings as dividends (its payout ratio).
- BAESY's dividend has grown at an average rate of 7.9% a year over the past five years.
- As of Nov 5, 2026, BAESY's 1.90% yield is 37% below its five-year average yield of 3.02%.
- As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for BAESY is $76.70 per share, 24% below the $101.35 share price, so BAESY screens as overvalued.
- BAE Systems plc (BAESY) pays its dividend semiannual, 2 times a year.
Cite this page
SmarterDividends, "BAESY Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/BAESY
Is BAESY a good dividend stock?
Yes, with caveatsBAE Systems plc (BAESY) pays a semiannual dividend yielding 1.90% ($2.02/yr), with 3 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (52%)
- Strong 7.9% 5-yr dividend growth
- 274% total price return over 5 years
Risks
- Cut its dividend in 2017
Key Data
- Dividend Yield
- 1.90%
- Payout Ratio
- 52%
- Annual Dividend
- $2.02
- 5-Yr Avg Growth
- 7.9%
- Ex-Dividend Date
- Oct 23, 2026
- Years of Growth
- 3
- Frequency
- semiannual
- Beta
- -0.06
- Market Cap
- $74.1B
- P/E Ratio
- 27.0
- 5-Yr Total Return
- 274%
- 52-Week Range
- $84.50 – $126.00
- Dividend Safety
- B · 67/100
- Ever Cut?
- Yes (2017)
BAESY dividend changes
BAE Systems plc (BAESY) pays a variable dividend: across the 44 payments on record since 2004, 25 were higher than the one before and 11 lower. The latest change was up 9.8% to $0.794 per share, going ex-dividend on Oct 23, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Oct 23, 2026 | Higher | $0.723 → $0.794 | +9.8% |
| Apr 24, 2026 | Higher | $0.663 → $1.22 | +83.3% |
| Oct 24, 2025 | Lower | $0.933 → $0.723 | −22.5% |
| Oct 25, 2024 | Higher | $0.583 → $0.663 | +13.7% |
| Apr 18, 2024 | Higher | $0.501 → $0.933 | +86.2% |
| Oct 19, 2023 | Lower | $0.800 → $0.583 | −27.1% |
| Oct 20, 2022 | Lower | $0.534 → $0.501 | −6.2% |
| Apr 21, 2022 | Higher | $0.486 → $0.800 | +64.6% |
| Oct 21, 2021 | Lower | $0.723 → $0.534 | −26.1% |
| Oct 22, 2020 | Higher | $0.457 → $0.486 | +6.3% |
| Aug 7, 2020 | Higher | $0.470 → $0.723 | +53.8% |
| Oct 17, 2019 | Lower | $0.725 → $0.457 | −37.0% |
Frequently Asked Questions
Is BAESY a good dividend stock?
Yes, with caveats. BAE Systems plc (BAESY) pays a semiannual dividend yielding 1.90% ($2.02/yr), with 3 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Is BAESY undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, BAESY's fair value is about $76.70 versus a $101.35 share price — so it looks overvalued (-24% vs. fair value).
Is BAESY's dividend safe?
BAESY has a dividend-safety grade of B (67/100), based on its payout coverage, free-cash-flow, 3-year growth streak, a dividend cut in 2017, debt and yield-versus-history.
What is BAESY's fair value?
Our blended fair-value estimate for BAESY is about $76.70 per share, about 24% below the current $101.35 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is BAESY a buy, hold, or sell?
We don't issue formal ratings, but on the data BAESY screens as "yes, with caveats" and overvalued. BAE Systems plc (BAESY) pays a semiannual dividend yielding 1.90% ($2.02/yr), with 3 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.
Will BAESY cut its dividend?
BAESY earns a dividend-safety grade of B (67/100), and has cut its dividend before (last in 2017). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does BAESY pay a dividend?
Yes. BAE Systems plc pays a semiannual dividend of about $2.02 per share annually, a forward yield of roughly 1.90%.
How much dividend does 100 shares of BAESY pay?
At $2.02 per share a year, 100 shares of BAESY pay $202.00 a year in dividends before tax, about $101.00 every six months. Buying them costs about $10,135 at the Nov 5, 2026 price.
What is BAESY's dividend yield?
As of Nov 5, 2026, BAESY's forward dividend yield is 1.90%, based on a $2.02 annual dividend and a $101.35 share price.
What is BAESY's dividend per share?
As of Nov 5, 2026, BAESY pays $2.02 per share per year, distributed on a semiannual basis.
What is BAESY's dividend payout ratio?
As of Nov 5, 2026, BAESY's payout ratio is 52% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has BAESY grown its dividend?
As of Nov 5, 2026, BAESY has increased its dividend for 3 consecutive years.
When is the next BAESY ex-dividend date?
As of Nov 5, 2026, BAESY's next ex-dividend date hasn't been announced. The most recent was Oct 23, 2026, for $0.79 per share.
BAESY Price — Last 12 Months
Daily close
Price Return
1 Year
+29%
3 Years
+106%
5 Years
+274%
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 $76.70 per share, versus a market price of $101.35. That implies 24% of downside.
Fair Value
$76.70
Current Price
$101.35
Downside
-24%
Margin of Safety
-32%
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 16.4% annual free-cash-flow growth. We model 12.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.3% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $3.75 EPS, $2.02 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
Safe
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
Full BAESY dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Oct 23, 2026 | Dec 9, 2026 | $0.7940 | regular |
| Apr 24, 2026 | Jun 11, 2026 | $1.2150 | regular |
| Oct 24, 2025 | Dec 10, 2025 | $0.7230 | regular |
| Apr 22, 2025 | Jun 9, 2025 | $1.0440 | regular |
| Oct 25, 2024 | Dec 9, 2024 | $0.6630 | regular |
| Apr 18, 2024 | Jun 10, 2024 | $0.9330 | regular |
| Oct 19, 2023 | Dec 7, 2023 | $0.5830 | regular |
| Apr 20, 2023 | Jun 8, 2023 | $0.8020 | regular |
| Oct 20, 2022 | Dec 7, 2022 | $0.5010 | regular |
| Apr 21, 2022 | Jun 8, 2022 | $0.8000 | regular |
| Oct 21, 2021 | Dec 7, 2021 | $0.5340 | regular |
| Apr 22, 2021 | Jun 8, 2021 | $0.7930 | regular |
| Oct 22, 2020 | Dec 7, 2020 | $0.4860 | regular |
| Aug 7, 2020 | Sep 21, 2020 | $0.7230 | regular |
Income Calculator
At $2.02 / yr per share
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