General Dynamics Board Increases Dividend

Rhea-AI Summary

The board of directors of General Dynamics has declared a quarterly dividend of $1.26 per share on common stock, payable on May 6, 2022, to shareholders of record on April 8, 2022. This marks the 25th consecutive annual dividend increase, reflecting a 5.9% rise from last year. General Dynamics, a prominent aerospace and defense firm, reported $38.5 billion in revenue for 2021 and employs over 100,000 worldwide.

Positive

• Quarterly dividend of $1.26 signifies consistent financial growth.
• 5.9% increase in dividend demonstrates commitment to shareholders.
• 25 consecutive years of dividend increases reflect strong company performance.

Negative

• None.

RESTON, Va., March 2, 2022 /PRNewswire/ -- The board of directors of General Dynamics (NYSE: GD) today declared a regular quarterly dividend of $1.26 per share on the company's common stock, payable May 6, 2022, to shareholders of record on April 8, 2022. This is the 25th consecutive annual dividend increase authorized by the General Dynamics board, and represents a 5.9% increase over last year's dividend.

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 $38.5 billion in revenue in 2021. More information about General Dynamics is available at www.gd.com.

 

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SOURCE General Dynamics Corporation

FAQ

What is the dividend amount declared by General Dynamics?

General Dynamics declared a quarterly dividend of $1.26 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on May 6, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is April 8, 2022.

How much has General Dynamics increased its dividend this year?

The dividend has been increased by 5.9% compared to last year.

How many consecutive years has General Dynamics raised its dividend?

General Dynamics has raised its dividend for 25 consecutive years.