General Dynamics (GD) Announces Quarterly Dividend of $0.56

General Dynamics (NYSE:GD) announced a quarterly dividend on Wednesday, June 5th, ARN reports. Stockholders of record on Friday, July 5th will be paid a dividend of $0.56 per share on Friday, August 9th. This represents a $2.24 annualized dividend and a dividend yield of 2.92%.

A number of analysts have recently weighed in on GD shares. Analysts at CRT Capital reiterated a “sell” rating on shares of General Dynamics in a research note to investors on Wednesday. They now have a $54.00 price target on the stock. On a related note, analysts at Sanford C. Bernstein raised their price target on shares of General Dynamics from $78.00 to $81.00 in a research note to investors on Monday, May 20th. They now have a “market perform” rating on the stock. Finally, analysts at Drexel Hamilton upgraded shares of General Dynamics to a “buy” rating in a research note to investors on Monday, May 20th. They now have a $88.00 price target on the stock.

Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. General Dynamics currently has a consensus rating of “Buy” and a consensus price target of $76.58.

General Dynamics (NYSE: GD) traded down 0.69% on Wednesday, hitting $76.68. General Dynamics has a 52-week low of $61.09 and a 52-week high of $78.76. The stock’s 50-day moving average is currently $74.23. The company’s market cap is $26.982 billion.

General Dynamics (NYSE: GD) last announced its earnings results on Wednesday, April 24th. The company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.09. The company had revenue of $7.58 billion for the quarter, compared to the consensus estimate of $7.58 billion. During the same quarter in the previous year, the company posted $1.57 earnings per share. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, analysts predict that General Dynamics will post $6.75 earnings per share for the current fiscal year.

General Dynamics Corporation offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; military and commercial shipbuilding, and communications and information technology.

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