BAE Systems extends dividend streak to 27 years
The financial impact of the coronavirus outbreak continues to worsen. But not all sectors of the market have been equally affected. One of the more resilient performers in our Income Boosters portfolio to date has been defence giant BAE Systems (LON: BA). The FTSE 100 firm's shares have risen by more than 35% over the last 12 months, during a period when the FTSE 100 has been broadly flat.
For pure income investors, BAE's share price gain is actually bad news. The stock's dividend yield has fallen from 4.7% to 3.6% over this time, despite a 5% rise to the payout for 2019. Despite this, we think the group's 2019 results confirm the investment case for this diverse group.
A strong set of results
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