General Dynamics Board Increases Quarterly Dividend From $1.32 To $1.42 Per Share
Portfolio Pulse from Benzinga Newsdesk
General Dynamics (NYSE:GD) has increased its quarterly dividend from $1.32 to $1.42 per share, marking the 27th consecutive annual increase. The new dividend is payable on May 10, 2024, to shareholders of record as of April 12, 2024.
March 06, 2024 | 8:47 pm
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General Dynamics increased its quarterly dividend to $1.42 per share, a 7.6% increase from the previous year, marking its 27th consecutive annual dividend increase.
Dividend increases are generally viewed positively by the market as they signal confidence in the company's financial health and future prospects. Given the significant increase and the continuation of a long-term trend of annual increases, this is likely to be viewed positively by investors, potentially leading to a short-term uptick in GD's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100