Thursday, March 5, 2020

Dividend Increase – General Dynamics Corporation (GD)



Yesterday, March 4 the Board of Directors of General Dynamics Corporation announced a quarterly dividend increase of from $ 1.02 to $ 1.10 per share that’s payable May 8, 2020 to holders of record April 10, 2020. This is the 23rd consecutive annual dividend increase authorized by the General Dynamics board, and represents a 7.84% increase over last year’s dividend.

The board also provided management with the authority to repurchase an additional 10 million shares of the company’s issued and outstanding common stock on the open market.

With current price $ 163.44 (today's open), this raise brings their dividend yield to 2.69%.


GD is a Dividend Champions with a 28 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 9.9, 10.3, 10.5 and 10.4. (Dividend Champions.xls)





Since I own 10 shares of GD, this will increase my portfolio's projected annual net dividend income by $ 2.38.

This increase raises my YOC to 2.44%.


Summary of 2020 Dividend Increases / Cuts







Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long GD

Thanks for stopping by!

4 comments:

  1. Hawk -

    Thanks for sharing, such an awesome dividend increase during these times.

    -Lanny

    ReplyDelete
  2. Nice to see the dividend increase,just bought them early in the year.

    ReplyDelete
  3. Replies
    1. Hi, according board of directors 23rd, according Dividend Champion sheet 28th :)

      Thanks for visiting!
      DH

      Delete

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