EX-Dividend Schedule: General Dynamics Has Raised its Dividend For 20 Years in a Row; Will Trade Ex-Dividend on July 05, 2018

LONDON, UK / ACCESSWIRE / July 5, 2018 / Active-Investors has a free review on General Dynamics Corp. (NYSE: GD) following the Company’s announcement that it will begin trading ex-dividend on July 05, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date (excluding holidays) that is by latest at the end of the trading session on July 03, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on GD:

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Dividend Declared

On June 06, 2018, General Dynamics’ Board of Directors declared a regular quarterly dividend of 93 cents per share on the Company’s common stock, payable August 10, 2018, to shareholders of record on July 06, 2018.

General Dynamics’ indicated dividend represents a yield of 1.98%, which is substantially higher than the average dividend yield of 1.18% for the Industrial Goods sector. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

Dividend Insights

General Dynamics has a dividend payout ratio of 33.8%, which indicates that the Company spends approximately $0.34 for dividend distribution out of every $1.00 earned. The dividend pay-out ratio reflects how much amount a Company is returning to shareholders, versus how much money it is keeping on hand to reinvest in growth, pay off debt or add to cash reserves.

As per analysts’ estimates, General Dynamics is forecasted to report earnings of $12.55 per share for the next year, which is more than three times higher than the Company’s annualized dividend payout of $3.72 per share.

As of April 01, 2018, General Dynamics’ cash and cash items totaled $4.33 billion compared to $2.98 billion as on December 31, 2017. For the three months ended April 01, 2018, the Company’s net cash used in operating activities was $496 million compared to net cash provided by operating activities of $533 million for the year ago same period. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development for General Dynamics

On June 27, 2018, General Dynamics announced that its Mission Systems and NASA team successfully completed a milestone with the installation and initial checkout of equipment needed to upgrade two NASA Space Network ground terminals at NASA’s White Sands Complex in New Mexico. Site integration readies the updated ground terminals for ‘end-to-end’ communications testing scheduled for later this year. The installation, integration and testing are part of the NASA Space Network Ground Segment Sustainment (SGSS) program.

About General Dynamics Corp.

Headquartered in Falls Church, Virginia, General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; combat vehicles, weapons systems, and munitions; C4ISR and IT solutions; and shipbuilding and ship repair.

The Company’s 2017 revenue was $31 billion.

Stock Performance Snapshot

July 02, 2018 – At Monday’s closing bell, General Dynamics’ stock climbed 1.24%, ending the trading session at $189.69.

Volume traded for the day: 1.76 million shares, which was above the 3-month average volume of 1.64 million shares.

After last Monday’s close, General Dynamics’ market cap was at $56.19 billion.

Price to Earnings (P/E) ratio was at 18.66.

The stock has a dividend yield of 1.96%.

The stock is part of the Industrial Goods sector, categorized under the Aerospace/Defense Products & Services industry. This sector was flat at the end of the session.

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