GD Stock Price General Dynamics Corp Stock Quote U.S.: NYSE

The disadvantage of the proposed dividend is that this kind of dividend is suitable only for a short period of finance. The amount of finance allowed or bought through this kind of dividend is less valuable than other dividends to be stated in a company. The main advantage of a proposed dividend for a company is that it is a very cheap source to finance provisions like taxation for a person’s company. This kind of dividend also doesn’t include or require any obligation to pay interest on the company’s part.

The company provided earnings per share (EPS) guidance of $12.60-$12.65 for the period, compared to the consensus earnings per share estimate of $12.65. The company issued revenue guidance of $42.45 billion-$42.45 billion, compared to the consensus revenue estimate of $41.48 billion. General Dynamics saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 2,610,000 shares, a decrease of 10.6% from the August 15th total of 2,920,000 shares.

Military industrial giant General Dynamics Corporation (GD) has increased its dividend every year for 26 consecutive years. That impressive record of consistent dividend hikes makes it a Dividend Aristocrat. However, achieving that lofty status doesn’t mean that this key U.S. defense contractor should get a pass when it comes to researching the safety of its dividend. While General Dynamics’ dividend history suggests the current dividend is on solid ground, here are some key factors you need to keep an eye on, including the company’s leverage and the payout ratio. Currently, General Dynamics’ yield is 1.5%, a modest number, but that’s not the key issue to examine. A more important metric to look at is the payout ratio, which compares earnings and dividends.

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The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Dividends, however, are actually paid out of cash flow, not earnings.

These are established companies that reliably pay dividends. 6 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for General Dynamics in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock.

Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. General Dynamics declared a quarterly dividend on Tuesday, August 1st. Shareholders of record on Friday, October 6th will be given a dividend of $1.32 per share on Friday, November 10th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, October 5th.

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An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Plus, GD info will be updated daily in your Zacks.com Portfolio Tracker – also free.

Based on an average trading volume of 1,070,000 shares, the short-interest ratio is currently 2.4 days. Approximately 1.0% of the shares of the company are sold short. Although you need to perform annual checkups, at the very least, it looks like today’s dividend is extremely safe. Better yet, future dividend hikes are likely at this Dividend Aristocrat.

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This dividend also acts as finance that helps fill the gap between proposed and distributed dividends. The proposed dividend is essential for financing to cost through an offered dividend without cost. MarketBeat has just released its list of 20 stocks that Wall Street analysts hate.

Upgrade to MarketBeat All Access to add more stocks to your watchlist. 137 employees have rated General Dynamics Chief Executive Officer Phebe N. Novakovic on Glassdoor.com. Phebe N. Novakovic has an approval rating of 79% among the company’s employees. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. She has held multiple finance and banking classes for business schools and communities. This dividend makes it possible to have high liquidity of profit for the company since it implies that it has a good year. Shares traded through stock exchanges are called __________. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time.

General Dynamics’ stock is owned by a variety of institutional and retail investors. Insiders that own company stock include Gregory S Gallopoulos, Marguerite Amy Gilliland, Mark Lagrand Burns, Mark Malcolm, Phebe N Novakovic and William A Moss. The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

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So you’ll also want to examine the company’s free cash flow over time. As the chart below shows, free cash flow per share fluctuates, but has handily covered the dividend even during years like 2012 when General Dynamics’ earnings dipped into the red. Looking present discounted value at both the payout ratio and free cash flow per share should provide investors with comfort in the strength of the dividend here. Not many companies manage to achieve Dividend Aristocrat status, which takes 25 years’ worth of annual dividend increases to earn.

Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover https://1investing.in/ a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.

Utilizing such a kind of dividend does not require any legalities for a company. This kind of proposed dividend does not even involve any issue-related cost too. One share of GD stock can currently be purchased for approximately $219.69.

This dividend has to be paid by the company within specific due dates. Indeed, defense budgets usually ebb and flow with a nation’s wealth and its perception of danger. In the U.S., both have been on the rise, and among many allies, notably Germany and Japan, geopolitics is leading to larger military budgets than we’ve seen for decades. We think the contracting budget will continue to grow with modernization, but more moderately, averaging around 2.5%-3.0% over the next five years. General Dynamics updated its FY 2023 earnings guidance on Wednesday, July, 26th.

Being able to do that speaks to a business that has withstood the test of time and succeeded through multiple business cycles. While selling marine systems, aerospace products, and other defense products and services to the U.S. government is a pretty consistent business overall, it does have its ups and downs. So General Dynamics deserves some serious credit for 26 years of consistent dividend increases.

• Dividend playable is said to be under current liabilities in a company’s balance sheet.
• Plus, GD info will be updated daily in your Zacks.com Portfolio Tracker – also free.
• She has held multiple finance and banking classes for business schools and communities.
• This is because this dividend must pay its shareholders while other company liabilities are done to separate outside parties such as lenders.

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The consensus among Wall Street research analysts is that investors should “moderate buy” GD shares. Dividend playable is said to be under current liabilities in a company’s balance sheet. A dividend payable is the dividend the company’s shareholders approve in the annual general meetings.

• The monthly returns are then compounded to arrive at the annual return.
• Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes.
• Being able to do that speaks to a business that has withstood the test of time and succeeded through multiple business cycles.

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