General Dynamics Corporation (GD) Announces Quarterly Dividend of $0.84

General Dynamics Corporation (NYSE:GD) announced a quarterly dividend on Wednesday, December 6th, RTT News reports. Investors of record on Friday, January 19th will be given a dividend of 0.84 per share by the aerospace company on Friday, February 9th. This represents a $3.36 annualized dividend and a dividend yield of 1.68%.

General Dynamics has increased its dividend by an average of 20.9% annually over the last three years and has increased its dividend every year for the last 19 years. General Dynamics has a payout ratio of 34.3% meaning its dividend is sufficiently covered by earnings. Analysts expect General Dynamics to earn $10.55 per share next year, which means the company should continue to be able to cover its $3.36 annual dividend with an expected future payout ratio of 31.8%.

General Dynamics (GD) traded up $0.30 during midday trading on Thursday, hitting $200.21. 1,223,100 shares of the company traded hands, compared to its average volume of 1,149,517. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 0.93. The firm has a market cap of $59,689.71, a price-to-earnings ratio of 19.85, a price-to-earnings-growth ratio of 2.40 and a beta of 0.72. General Dynamics has a twelve month low of $168.00 and a twelve month high of $214.81.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.43 by $0.09. The business had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.94 billion. General Dynamics had a net margin of 9.94% and a return on equity of 27.98%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the business posted $2.36 EPS. equities research analysts predict that General Dynamics will post 9.81 earnings per share for the current year.

Several analysts recently issued reports on GD shares. Zacks Investment Research upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and set a $230.00 price target on the stock in a research report on Monday, October 2nd. ValuEngine upgraded shares of General Dynamics from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Jefferies Group reiterated a “buy” rating on shares of General Dynamics in a research report on Friday, August 11th. Cowen reiterated a “buy” rating and set a $230.00 price target on shares of General Dynamics in a research report on Thursday, October 19th. Finally, Royal Bank Of Canada set a $239.00 price target on shares of General Dynamics and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $218.45.

In other news, VP Gregory S. Gallopoulos sold 78,370 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $202.93, for a total transaction of $15,903,624.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Patrick Casey sold 34,945 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $201.38, for a total transaction of $7,037,224.10. Following the transaction, the insider now directly owns 144,378 shares of the company’s stock, valued at approximately $29,074,841.64. The disclosure for this sale can be found here. 6.70% of the stock is owned by corporate insiders.

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General Dynamics Company Profile

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

Dividend History for General Dynamics (NYSE:GD)

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