General Dynamics Board Increases Dividend

Rhea-AI Summary

The board of directors of General Dynamics (NYSE: GD) declared a quarterly dividend of $1.19 per share, payable on May 7, 2021, to shareholders of record on April 9, 2021. This marks the 24th consecutive annual dividend increase, reflecting an 8.2% increase over last year's dividend. In 2020, General Dynamics generated $37.9 billion in revenue and employs over 100,000 people globally. This dividend declaration underscores the company's strong financial performance and commitment to returning value to shareholders.

Positive

• Quarterly dividend of $1.19 per share increases by 8.2%.
• 24th consecutive annual dividend increase.
• Strong revenue of $37.9 billion in 2020.

Negative

• None.

RESTON, Va., March 3, 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 May 7, 2021, to shareholders of record on April 9, 2021. This is the 24th consecutive annual dividend increase authorized by the General Dynamics board, and represents an 8.2% increase over last year's dividend.

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 amount declared by General Dynamics?

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

When will the dividend be paid to shareholders?

The dividend will be paid on May 7, 2021.

What is the record date for the dividend?

The record date for the dividend is April 9, 2021.

How much has the dividend increased compared to last year?

The dividend increased by 8.2% compared to last year.

How many consecutive annual dividend increases has General Dynamics had?

General Dynamics has had 24 consecutive annual dividend increases.