General Dynamics Corporation (GD) to Issue Quarterly Dividend of $1.59 on August 7th

General Dynamics Corporation (NYSE:GD) announced a quarterly dividend on Wednesday, June 3rd. Investors of record on Thursday, July 2nd will be given a dividend of 1.59 per share by the aerospace company on Friday, August 7th. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date is Thursday, July 2nd.

General Dynamics has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 34 consecutive years. General Dynamics has a payout ratio of 38.1% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 1.5%

General Dynamics stock opened at $341.93 on Friday. The firm has a 50 day moving average of $340.22 and a 200 day moving average of $346.30. The firm has a market capitalization of $92.47 billion, a price-to-earnings ratio of 21.52, a P/E/G ratio of 2.09 and a beta of 0.34. General Dynamics has a 12-month low of $268.10 and a 12-month high of $369.70. The company has a current ratio of 1.38, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.67 by $0.43. The company had revenue of $13.48 billion during the quarter, compared to analyst estimates of $12.70 billion. General Dynamics had a net margin of 8.07% and a return on equity of 17.41%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.66 EPS. As a group, research analysts predict that General Dynamics will post 16.62 earnings per share 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.