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LONDON BRIEFING: BAE Catches Up On Dividend Payments As Sales Rise
Thu, 25th Feb 2021 08:28
(Alliance News) - Aerospace and defence company BAE Systems on Thursday declared a 23.7p dividend for 2020 and similarly said it additionally will pay 13.8p as a catch-up of the 2019 final dividend that had been deferred due to Covid-19.
The good news on payouts for investors came as BAE reported profit after tax in 2020 of GBP1.37 billion, down from GBP1.53 billion in 2019. Operating profit however edged up to GBP1.93 billion from GBP1.90 billion.
Sales rose 3.7% to GBP20.86 billion from GBP20.11 billion. Order intake increase to GBP20.9 billion, and BAE said it has an order backlog of GBP45.2 billion.