RESTON, Va. - General Dynamics (NYSE: NYSE:GD), a global aerospace and defense company, announced a 7.6% increase in its quarterly dividend to $1.42 per share, marking the 27th consecutive year of dividend growth. The dividend is payable on May 10, 2024, to shareholders on record as of April 12, 2024.
The company, which employs over 100,000 people in 65 countries, reported $42.3 billion in revenue for the year 2023. General Dynamics is known for its diverse offerings in business aviation, ship construction and repair, land combat vehicles, weapons systems and munitions, as well as technology products and services.
This dividend increase reflects the company's financial strength and commitment to returning value to its shareholders. With a history of consistent dividend growth, General Dynamics continues to demonstrate its position in the industry and its ability to maintain a stable financial performance.
Investors may view this announcement as a sign of the company's confidence in its ongoing operations and future prospects within the aerospace and defense sectors. The announcement is based on a press release statement from General Dynamics.
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