General Dynamics Corporation (NYSE:GD) Announces Quarterly Dividend of $1.59

Key Points

• General Dynamics declared a quarterly dividend of $1.59 per share, payable November 13 to shareholders of record as of October 9. The dividend implies an annualized payout of $6.36 and a 1.7% yield.
• The company has raised its dividend for 34 consecutive years, with a current payout ratio of 38.1%. Analysts expect earnings to comfortably cover the projected annual dividend, with a future payout ratio of about 34.3%.
• General Dynamics recently reported better-than-expected quarterly results, including $4.24 in EPS versus the $3.96 consensus and $14.09 billion in revenue, up 8.1% year over year.

General Dynamics Corporation (NYSE:GD - Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Friday, October 9th will be paid a dividend of 1.59 per share by the aerospace company on Friday, November 13th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, October 9th.

General Dynamics has increased its dividend payment 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 payout ratio of 38.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect General Dynamics to earn $18.55 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 34.3%.

General Dynamics Price Performance

GD stock opened at $383.87 on Thursday. The firm has a market cap of $103.86 billion, a P/E ratio of 23.42, a P/E/G ratio of 2.23 and a beta of 0.33. The firm's fifty day moving average is $363.18 and its 200 day moving average is $353.26. General Dynamics has a 52 week low of $306.77 and a 52 week high of $400.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.96 by $0.28. The firm had revenue of $14.09 billion for the quarter, compared to analysts' expectations of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The company's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the firm earned $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Research analysts predict that General Dynamics will post 16.97 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.

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