On Wednesday, March 5th the Board of Directors of General Dynamics Corporation (GD) announced a quarterly dividend increase of from $1.42 to $1.50 per share that’s payable May 9, 2025 to holders of record April 11, 2025. This represents a 5.63% increase over the last quarterly dividend.
This is the 28th consecutive annual dividend increase authorized by the General Dynamics board.
At the current price of $271.94 (yesterday's close), this increase will raise GD's dividend yield to 2.21%.
General Dynamics is a Dividend Champions with a 34 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 6.9, 6.1, 6.9 and 8.7 (Dividend Champions.xls)
As an owner of 40 shares of General Dynamics, the recent dividend increase adds $9.54 to my projected annual net dividend income.
I was expecting an increase of about 7%, so the announced increase was a bit lower, but I can be happy with it.
This recent dividend increase marks the sixth consecutive raise I’ve received from General Dynamics since I acquired my first shares in January 2020. Over this period, GD’s quarterly dividend has grown as expected from $1.14 to $1.50 per share, reflecting a 31.6% increase.
The moment of writing, GD’s weight of my portfolio is about 1.37% and its share of future annual dividend income is approximately 0.71%.
Following this increase, my yield on cost is 4.45%.
Summary of 2025 Dividend Increases / Cuts
Click here to see my portfolio holdings.
You can follow the development of my dividends here.
Full Disclosure: Long GD
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