General Dynamics Corporation to Issue Quarterly Dividend of $1.50 (NYSE:GD)

General Dynamics Corporation (NYSE:GD) announced a quarterly dividend on Wednesday, December 3rd. Investors of record on Friday, January 16th will be paid a dividend of 1.50 per share by the aerospace company on Friday, February 6th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, January 16th.

General Dynamics has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 34 consecutive years. General Dynamics has a dividend payout ratio of 35.9% 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 $6.00 annual dividend with an expected future payout ratio of 35.0%.

General Dynamics Price Performance

GD opened at $338.41 on Thursday. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29. The company has a market cap of $91.41 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 1.69 and a beta of 0.40. The stock has a fifty day simple moving average of $340.79 and a two-hundred day simple moving average of $315.84. General Dynamics has a 12-month low of $239.20 and a 12-month high of $360.50.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.69 by $0.19. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The company had revenue of $12.91 billion during the quarter, compared to analyst estimates of $12.49 billion. During the same period last year, the business earned $3.35 EPS. General Dynamics’s quarterly revenue was up 10.6% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Research analysts predict that General Dynamics will post 14.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GD has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of General Dynamics from $345.00 to $380.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Melius Research upgraded General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 28th. Morgan Stanley set a $385.00 price objective on General Dynamics in a report on Monday, October 27th. Susquehanna upped their target price on shares of General Dynamics from $365.00 to $406.00 and gave the company a “positive” rating in a research note on Monday, October 27th. Finally, Wolfe Research lifted their price target on shares of General Dynamics from $360.00 to $400.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $358.10.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.