4 FTSE 100 Stocks Going Ex-Dividend In The Coming Weeks – BHP, MRW, BAE and BATS

4 FTSE 100 Stocks Going Ex-Dividend In The Coming Weeks – BHP, MRW, BAE and BATS
BHP Group PLC

BHP Group PLC (BHP) is a London, United Kingdom-based global resource company which is engaged in extracting and processing minerals, oil and gas, with primary operations in Australia and America. The group operates under Dual Listed Group Structure and has two parent companies, namely BHP Group Limited and BHP Group PLC, with global headquarters in Melbourne, Australia.

Financial Highlights (FY 2019, in £m)

 (Source: Company Filings)

Broadly driven by a surge in revenue generated from the sale of copper during FY19, the company reported a growth of 2.6% in group revenue in comparison to the last year to $44,288 million. Despite favourable exchange rate movements and higher prices, underlying EBITDA from continuing operations during the period remained flat at $23.2 billion against the year-ago period, reflecting the impact of weather, inflation and higher costs, while the EBITDA margin fell marginally against the previous fiscal year to 53%. Underlying attributable profit was $9.1 billion (2018: $8.9 billion), while attributable profit was $8.3 billion (2018: $3.7 billion). Due to the impact from resource headwinds, production outages and adverse weather, profit from operations (continuing operations) remained flat at $16.1 billion (2018: US$16.0 billion). Underlying basic EPS surged by 5% to 176.1c/share and ROCE (return on capital employed) by 170bps to 16.1% during the year from 14.4% reported in the corresponding period last year.

Dividend

The group announced total ordinary dividends of $1.33 per share or $6.7 billion, which was equivalent to a 74% payout ratio, as the group declared a final dividend of 78 US cents per share. The total announced cash returns to shareholders for the financial year to $17.1 billion, which included an additional amount of US$2.2 billion above the minimum payout policy, the special dividend of US$5.2 billion (US$1.02 per share) and dividends of US$11.9 billion (US$2.35 per share). To shareholders registered at the close of 6 September 2019, the dividend will be paid on 25 September 2019. The company on 17 September 2019 announced that on 18 February 2020, the company would determine the dividend to be paid, along with the half-yearly results announcement. To shareholders registered at the close of 6 March 2019, the dividend will be paid on 24 March 2019.

Share Price Commentary

On 18 September 2019, at the time of writing the report (at 3:30 pm GMT, before the market close), BHP stock was trading at GBX 1,787.4, down by 0.4 per cent against the previous day closing price. Stock's 52 weeks High and Low is GBX 2,078.50/GBX 1,391.99. The company’s stock beta was 1.39, reflecting more volatility as compared to the benchmark index. The outstanding market capitalisation was around £98.79 billion, with a dividend yield of 5.87 per cent.

WM Morrison Supermarkets PLC

WM Morrison Supermarkets PLC (MRW) is a Bradford, United Kingdom-headquartered group which is involved in the business of retail supermarket store and associated activities. The company is the 2nd largest food & drug retailer by market capitalisation in the United Kingdom market. Under its Morrisons brand, the company sells its product.

Financial Highlights (H1 2020, in £m)

(Source: Company Filings)

In the first half of 2020, the total revenue stood at £8.83 billion, an increase of 0.4% from the corresponding period of the last year. Total revenue, excluding fuel, increased by 0.3%. Fuel sales surged by 0.6% to £1.9 billion, with Like-for-Like (LFL) of 0.4%. The company’s LFL excluding fuel increased by 0.2%, including wholesale surged by 1.3% and retail decreased by 1.1%. Operating profit before exceptional items rose by 2.4% to £252 million and Profit before tax and exceptional items climbed by 5.3% to £198 million in H1 FY2020 (2018/19: £188 million). Statutory profit before tax after exceptional items increased by 48.5% to £202 million in H1 FY20. EPS before exceptional items rose by 4.1% to 6.38 pence as compared to the previous year (2018/19: 6.13 pence).

Dividend

Taking the total interim dividend up by 2.1% to 3.93p (2018/19: 3.85p), the group proposed an ordinary dividend per share of 1.93p, which rose by 4.3%, and proposed a special dividend of 2.00p. To shareholders on the register date of 27 September 2019, both the dividends will be payable on 1 November 2019.

Share Price Commentary

On 18 September 2019, at the time of writing the report (at 3:33 pm GMT, before the market closed), MRW stock was trading at GBX 200.2, down by 1.23 per cent against the previous day closing price. Stock's 52 weeks High and Low is GBX 259.95/GBX 176.90. The company’s stock beta was 0.76, reflecting less volatility as compared to the benchmark index. The outstanding market capitalisation was around £4.84 billion, with a dividend yield of 2.90 per cent.

BAE Systems PLC

BAE Systems PLC (BAE) is an international defence, aerospace and security company, based in Farnborough, United Kingdom. The group delivers a broad range of products and services that cover air, land and naval forces, as well as information technology, security, support services, and advanced electronics.

Financial Highlights (FY 2019, in £m)

 (Source: Company Filings)

For the first half of the financial year 2019, the order backlog increased by £7.7 billion to £47.4 billion, driven by order intake of £8,418 million in the H1 of the financial year 2019. The order intake though declined by £1,283 million to £8,418 million in H1 FY2019 versus £9,701 million reported in H1 FY2018. The company’s sales surged by 4% on CER (constant exchange rate) basis to £9,416 million in H1 FY2019 from £8,818 million in H1 FY2018. Revenue on a CER basis increased by 4% to £8,674 million in H1 FY2019 from £8,161 million in H1 FY2018. The company’s underlying EBITA was up by 9% on a CER basis to £999 million in H1 FY2019.The operating profit increased by 7% (CER) to £896 million in H1 FY2019. Underlying EPS rose by 11% to 21.9 pence, while basic EPS increased by 69% to 25 pence for the period.

Dividend

To shareholders registered on 18 October 2019, will be entitled for an interim dividend of 9.4p per ordinary share, which represents an increase of 4.4% over the prior year, will be paid on 2 December 2019.

Share Price Commentary

On 18 September 2019, at the time of writing the report (at 3:35 pm GMT, before the market closed), BAE stock was trading at GBX 583.4, down by 0.44 per cent against the previous day closing price. Stock's 52 weeks High and Low is GBX 643.60/GBX 439.40. The company’s stock beta was 1.19, reflecting more volatility as compared to the benchmark index. The outstanding market capitalisation was around £18.67 billion, with a dividend yield of 3.86 per cent.

British American Tobacco PLC

British American Tobacco PLC (BATS) is a London-headquartered multinational tobacco and next-generation products consumer goods company, which merchandises its products in more than 200 countries worldwide, covering six continents. The four geographical segments are the reportable segments for the company, divided into United States, Europe and North Africa (ENA), Asia-Pacific and Middle East (APME) and Americas and Sub-Saharan Africa (AMSSA).

Key Financial Highlights (H1 FY 2019, in £m)
(Source: Company Filings)

The company’s revenue increased by 4.6% in H1 FY19 to £12,170 million, the revenue from the strategic portfolio was up by 8.7%, while adjusted revenue rose by 5.3% to £12,139 million, while on constant rates, adjusted revenue increased by 4.1%, reflecting the price/mix and increase in new categories. Driven by cost management to finance a significant increase in marketing investment and an increase in revenue, profit from operations declined by 1.3% in H1 FY19 to £4,380 million, and the operating margin declined over 210 bps. The corresponding number on a representative basis increased by 8.1% to £5,209 million (adjusted profit) and adjusted operating margins were higher by 110bps. Adjusted diluted EPS (Non- GAAP) rose by 8.8% to 149.3 pence and basic earnings per share increased by 4.6% to 123.2 pence

Dividend

As part of the previously announced dividend of 203.0p per share which is payable in four equal instalments, the next quarterly dividend payment of 50.75p per share will be paid on 1 November 2019 to shareholders registered at the close of 3 October 2019.

Share Price Commentary

On 18 September 2019, at the time of writing the report (at 3:38 pm GMT, before the market closed), BATS stock was trading at GBX 2,979.5, up by 1 per cent against the previous day closing price. Stock's 52 weeks High and Low is GBX 3,659.00/GBX 2,249.00. The company’s stock beta was 1.39, reflecting more volatility as compared to the benchmark index. The outstanding market capitalisation was around £67.28 billion, with a dividend yield of 6.82 per cent.

Comparative Share Price Chart Of BHP, MRW, BAE and BATS

(Source: Thomson Reuters)

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