General Dynamics Corporation (GD) to Issue Quarterly Dividend of $1.59 on November 13th

General Dynamics Corporation (NYSE:GD) announced a quarterly dividend on Wednesday, August 5th. Stockholders 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) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, October 9th.

General Dynamics has raised its dividend 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 payout ratio of 38.1% indicating that its dividend is sufficiently covered by earnings. 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 Up 0.6%

NYSE:GD opened at $386.32 on Friday. 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 50-day simple moving average of $363.93 and a 200 day simple moving average of $353.39. General Dynamics has a one year low of $306.77 and a one year high of $400.00. The company has a market capitalization of $104.52 billion, a price-to-earnings ratio of 23.57, a price-to-earnings-growth ratio of 2.22 and a beta of 0.33.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, topping the consensus estimate of $3.96 by $0.28. The company had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Sell-side analysts predict that General Dynamics will post 16.97 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Mark Lagrand Burns sold 36,480 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $345.29, for a total transaction of $12,596,179.20. Following the transaction, the executive vice president directly owned 38,975 shares of the company’s stock, valued at approximately $13,457,677.75. This trade represents a 48.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark Malcolm sold 5,480 shares of General Dynamics stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the sale, the director owned 10,643 shares in the company, valued at approximately $3,884,695. This represents a 33.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 172,938 shares of company stock worth $63,093,675 over the last 90 days. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On General Dynamics

Several large investors have recently bought and sold shares of GD. Willner & Heller LLC increased its holdings in General Dynamics by 1.4% during the 2nd quarter. Willner & Heller LLC now owns 2,050 shares of the aerospace company’s stock worth $726,000 after purchasing an additional 28 shares during the period. Meriwether Wealth & Planning LLC raised its position in General Dynamics by 0.8% in the 2nd quarter. Meriwether Wealth & Planning LLC now owns 3,443 shares of the aerospace company’s stock valued at $1,220,000 after purchasing an additional 28 shares in the last quarter. Brown Miller Wealth Management LLC boosted its stake in shares of General Dynamics by 0.3% in the 4th quarter. Brown Miller Wealth Management LLC now owns 8,889 shares of the aerospace company’s stock valued at $2,993,000 after buying an additional 29 shares during the period. Steph & Co. grew its position in shares of General Dynamics by 65.2% during the fourth quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock worth $26,000 after buying an additional 30 shares in the last quarter. Finally, Klingman & Associates LLC grew its position in shares of General Dynamics by 3.3% during the first quarter. Klingman & Associates LLC now owns 949 shares of the aerospace company’s stock worth $326,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

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.