General Dynamics Board Declares Dividend, Authorizes Additional Share Repurchases

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

General Dynamics (NYSE: GD) has announced two significant shareholder-focused initiatives. The board of directors declared a quarterly dividend of $1.42 per share, payable on February 7, 2025, to shareholders of record as of January 17, 2025. Additionally, the board authorized management to repurchase an additional 10 million shares of the company's common stock on the open market.

The company, which operates in aerospace and defense sectors, maintains a workforce of over 100,000 employees across 65 countries and reported revenue of $42.3 billion in 2023.

Positive

Quarterly dividend maintained at $1.42 per share
Authorization of 10 million share repurchase program demonstrates confidence in company's financial position
Strong revenue performance with $42.3 billion in 2023
Large global presence with operations in 65 countries

Negative

None.

12/04/2024 - 03:00 PM

RESTON, Va., Dec. 4, 2024 /PRNewswire/ -- The board of directors of General Dynamics (NYSE: GD) today declared a regular quarterly dividend of $1.42 per share on the company's common stock, payable February 7, 2025, to shareholders of record on January 17, 2025.

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.

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 across 65 countries worldwide and generated $42.3 billion in revenue in 2023. More information about General Dynamics is available at www.gd.com.