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

General Dynamics Corporation (NYSE:GD) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Friday, October 9th will be given a dividend of 1.59 per share by the aerospace company on Friday, November 13th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, October 9th.

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 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 $18.55 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 Stock Down 0.5%

Shares of General Dynamics stock opened at $383.87 on Thursday. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23. General Dynamics has a twelve month low of $306.77 and a twelve month high of $400.00. The company has a market cap of $103.86 billion, a price-to-earnings ratio of 23.42, a price-to-earnings-growth ratio of 2.23 and a beta of 0.33. The company’s 50 day moving average is $363.18 and its 200 day moving average is $353.26.

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

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.