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

General Dynamics Corporation (NYSE:GD) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Friday, October 9th will be paid a dividend of 1.59 per share by the aerospace company on Friday, November 13th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend 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 annually for the last 34 consecutive years. General Dynamics has a dividend payout ratio of 38.1% indicating that 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 Price Performance

Shares of GD stock opened at $383.87 on Thursday. General Dynamics has a 52 week low of $306.77 and a 52 week high of $400.00. The stock’s fifty day moving average is $363.18 and its 200-day moving average is $353.26. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44. The stock has a market capitalization of $103.86 billion, a PE ratio of 23.42, a PEG ratio of 2.23 and a beta of 0.33.

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, topping analysts’ consensus estimates of $3.96 by $0.28. The company had revenue of $14.09 billion during the quarter, compared to the consensus estimate of $13.52 billion. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The company’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Equities research analysts expect that General Dynamics will post 16.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GD has been the subject of several recent research reports. Susquehanna boosted their price objective on General Dynamics from $420.00 to $455.00 and gave the stock a “positive” rating in a report on Thursday, July 30th. Robert W. Baird set a $430.00 price objective on shares of General Dynamics in a research report on Thursday, July 30th. UBS Group lifted their price objective on shares of General Dynamics from $366.00 to $395.00 and gave the company a “neutral” rating in a report on Monday. TD Cowen raised their price target on General Dynamics from $390.00 to $420.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings raised General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $409.68.

General Dynamics Company Profile

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.