General Dynamics Corporation (NYSE:GD – Get Free Report) declared a quarterly dividend on Wednesday, June 3rd. Shareholders of record on Thursday, July 2nd will be paid a dividend of 1.59 per share by the aerospace company on Friday, August 7th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Thursday, July 2nd.
General Dynamics has raised its dividend payment by an average of 0.1%per year 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% meaning its dividend is sufficiently covered by earnings. Equities analysts expect General Dynamics to earn $18.28 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 34.8%.
General Dynamics Stock Performance
GD stock opened at $337.66 on Thursday. General Dynamics has a one year low of $268.10 and a one year high of $369.70. The firm has a market cap of $91.31 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 2.09 and a beta of 0.34. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.38. The firm has a 50-day simple moving average of $340.31 and a two-hundred day simple moving average of $346.32.
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.
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