General Dynamics Corporation (NYSE:GD) Declares Dividend Increase – $1.59 Per Share

General Dynamics Corporation (NYSE:GD) announced a quarterly dividend on Wednesday, March 4th. Shareholders of record on Friday, April 10th will be given a dividend of 1.59 per share by the aerospace company on Friday, May 8th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, April 10th. This is a 6.0% increase from General Dynamics’s previous quarterly dividend of $1.50.

General Dynamics has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 34 years. General Dynamics has a dividend payout ratio of 38.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect General Dynamics to earn $17.14 per share next year, which means the company should continue to be able to cover its $6.36 annual dividend with an expected future payout ratio of 37.1%.

General Dynamics Stock Performance

GD stock opened at $347.92 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.89 and a current ratio of 1.44. The stock has a market capitalization of $94.23 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 2.08 and a beta of 0.38. General Dynamics has a 1 year low of $249.92 and a 1 year high of $369.70. The stock’s fifty day moving average is $352.27 and its two-hundred day moving average is $346.80.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.11 by $0.06. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.The company had revenue of $14.38 billion for the quarter, compared to analysts’ expectations of $13.77 billion. During the same period last year, the business posted $4.15 earnings per share. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. On average, research analysts predict that General Dynamics will post 14.83 EPS for the current year.

General Dynamics Company Profile

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.