General Dynamics Board Declares Dividend, Authorizes Additional Share Repurchases

Rhea-AI Summary

The board of directors of General Dynamics (NYSE: GD) has declared a quarterly dividend of $1.19 per share, payable on August 6, 2021, to shareholders of record by July 2, 2021. Additionally, management has been authorized to buy back 10 million shares of common stock. General Dynamics, a leader in aerospace and defense, generated $37.9 billion in revenue in 2020 and employs over 100,000 people worldwide.

Positive

• Quarterly dividend of $1.19 per share reinforces shareholder value.
• Share buyback authority of 10 million shares may enhance earnings per share (EPS) and improve stock price.
• Strong historical revenue of $37.9 billion in 2020 indicates solid financial performance.

Negative

• None.

RESTON, Va., June 2, 2021 /PRNewswire/ -- The board of directors of General Dynamics (NYSE: GD) today declared a regular quarterly dividend of $1.19 per share on the company's common stock, payable August 6, 2021, to shareholders of record on July 2, 2021.

The board also provided management with the authority to repurchase an additional 10 million shares of the company's issued and outstanding common stock on the open market.

Headquartered in Reston, Virginia, General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $37.9 billion in revenue in 2020. More information is available at www.gd.com.

 

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SOURCE General Dynamics

FAQ

What is the dividend declared by General Dynamics?

General Dynamics declared a quarterly dividend of $1.19 per share.

When will the General Dynamics dividend be paid?

The dividend will be paid on August 6, 2021.

What is the record date for the dividend payment by General Dynamics?

The record date for the dividend payment is July 2, 2021.

How many shares is General Dynamics authorized to repurchase?

General Dynamics is authorized to repurchase an additional 10 million shares of common stock.

What was General Dynamics' revenue in 2020?

General Dynamics generated $37.9 billion in revenue in 2020.