The BAE Systems Board has recommended a final dividend of 16.6p for a total of 27.0p for the full year. Subject to shareholder approval at the May 2023 Annual General Meeting, the dividend will be paid on 1 June 2023 to shareholders on the share register on 21 April 2023.
Other financial highlights include:
- Record Order intake of £37.1bn propelled Order backlog to £58.9bn.
- Sales increased by 4.4% to £23.3bn.
- Expanded Return on sales by 20bps, to 10.7%.
- Underlying earnings per share increased by 9.5% to 55.5p.
- Free cash flow of £2.0bn exceeded expectations.
- Increased investment in capital expenditure and R&D.
- Share repurchases totalling £0.8bn in the year.
