General Dynamics Co. Declares Quarterly Dividend of $0.62 (GD)
General Dynamics (NYSE:GD) announced a quarterly dividend on Wednesday, June 4th, ARN reports. Shareholders of record on Thursday, July 3rd will be paid a dividend of 0.62 per share on Friday, August 8th. This represents a $2.48 annualized dividend and a dividend yield of 2.10%.
Several analysts have recently commented on the stock. Analysts at Argus downgraded shares of General Dynamics from a “buy” rating to a “hold” rating in a research note on Tuesday, May 20th. They noted that the move was a valuation call. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of General Dynamics in a research note on Thursday, May 15th. They now have a $120.00 price target on the stock. Finally, analysts at Wolfe Research initiated coverage on shares of General Dynamics in a research note on Tuesday, May 13th. They set an “outperform” rating on the stock. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. General Dynamics presently has an average rating of “Buy” and a consensus target price of $118.93.
General Dynamics (NYSE:GD) traded up 0.03% on Wednesday, hitting $118.40. The stock had a trading volume of 922,468 shares. General Dynamics has a 52 week low of $75.63 and a 52 week high of $118.76. The stock’s 50-day moving average is $112. and its 200-day moving average is $103.5. The company has a market cap of $40.520 billion and a price-to-earnings ratio of 17.52.
General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.07. The company had revenue of $7.40 billion for the quarter, compared to the consensus estimate of $7.20 billion. During the same quarter in the previous year, the company posted $1.62 earnings per share. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, analysts predict that General Dynamics will post $7.32 earnings per share for the current fiscal year.
In other General Dynamics news, VP Gary L. Whited sold 12,252 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $117.53, for a total value of $1,439,977.56. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
General Dynamics Corporation is an aerospace and defense company that offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; military and commercial shipbuilding, and communications and information technology.
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