On August 5, General Dynamics Corporation (NYSE:GD) announced that its board of directors had declared a regular quarterly dividend of $1.59 per share on common stock. The payment is scheduled to be paid on November 13 to all shareholders of record on October 9.
The company has increased its annual dividend every year since 1999, according to its dividend payout history available on the website. This is a run of nearly three decades that has weathered recessions, a pandemic, and several defense spending cycles.
The recent dividend announcement, when calculated against Q2's diluted EPS of $4.24, translates to a payout ratio of 38%, which means that the company is returning well under half of its earnings to shareholders, leaving room to keep raising the dividend.
General Dynamics Corporation (NYSE:GD)'s stable dividend payout ratio is evidence against concerns from skeptics about the payout streak running out of gas. It is far from the ceiling, allowing management to continue increasing dividends even if earnings growth slows down.
Rising global defense spending and recent contracts, such as the $1.3 billion Enterprise Network Operations and Cybersecurity Support (ENOCS) award earlier this month, position the company well for earnings growth.
#Dividend #company #earnings
The company has increased its annual dividend every year since 1999, according to its dividend payout history available on the website. This is a run of nearly three decades that has weathered recessions, a pandemic, and several defense spending cycles.
The recent dividend announcement, when calculated against Q2's diluted EPS of $4.24, translates to a payout ratio of 38%, which means that the company is returning well under half of its earnings to shareholders, leaving room to keep raising the dividend.
General Dynamics Corporation (NYSE:GD)'s stable dividend payout ratio is evidence against concerns from skeptics about the payout streak running out of gas. It is far from the ceiling, allowing management to continue increasing dividends even if earnings growth slows down.
Rising global defense spending and recent contracts, such as the $1.3 billion Enterprise Network Operations and Cybersecurity Support (ENOCS) award earlier this month, position the company well for earnings growth.
#Dividend #company #earnings
17 days ago
