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

General Dynamics Corporation (NYSE:GD) announced a quarterly dividend on Wednesday, March 4th. Stockholders 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 dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, April 10th. This is a 6.0% increase from General Dynamics’s previous quarterly dividend of $1.50.

General Dynamics has increased its dividend payment by an average of 0.1%annually over the last three years and has increased 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 Down 1.0%

GD stock opened at $347.92 on Wednesday. General Dynamics has a twelve month low of $249.92 and a twelve month high of $369.70. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $94.23 billion, a P/E ratio of 22.52, a PEG ratio of 2.08 and a beta of 0.38. The firm has a 50 day simple moving average of $352.27 and a 200-day simple moving average of $346.80.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share for the quarter, topping analysts’ consensus estimates of $4.11 by $0.06. General Dynamics had a net margin of 8.01% and a return on equity of 17.57%. The business had revenue of $14.38 billion during the quarter, compared to the consensus estimate of $13.77 billion. During the same quarter last year, the company earned $4.15 earnings per share. The business’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, equities research analysts predict that General Dynamics will post 14.83 earnings per share for the current fiscal year.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, EVP Marguerite Amy Gilliland sold 3,819 shares of General Dynamics stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $353.50, for a total value of $1,350,016.50. Following the completion of the transaction, the executive vice president owned 44,767 shares of the company’s stock, valued at $15,825,134.50. The trade was a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Mark Rayha sold 4,370 shares of General Dynamics stock in a transaction on Friday, February 13th. The stock was sold at an average price of $348.79, for a total transaction of $1,524,212.30. Following the completion of the transaction, the vice president directly owned 7,936 shares of the company’s stock, valued at approximately $2,767,997.44. This represents a 35.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 51,260 shares of company stock worth $18,133,971. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On General Dynamics

A number of hedge funds have recently added to or reduced their stakes in GD. Brighton Jones LLC lifted its stake in General Dynamics by 16.9% in the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock valued at $760,000 after buying an additional 417 shares during the last quarter. Acadian Asset Management LLC lifted its stake in General Dynamics by 140.2% in the first quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company’s stock valued at $938,000 after buying an additional 2,011 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in General Dynamics in the second quarter valued at $240,000. Amundi lifted its stake in General Dynamics by 4.8% in the second quarter. Amundi now owns 119,335 shares of the aerospace company’s stock valued at $35,075,000 after buying an additional 5,433 shares during the last quarter. Finally, SageView Advisory Group LLC lifted its stake in General Dynamics by 8.7% in the second quarter. SageView Advisory Group LLC now owns 1,077 shares of the aerospace company’s stock valued at $337,000 after buying an additional 86 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

About General Dynamics

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.