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  • Friday, November 22, 2024

General Dynamics Board OKs $1.26 Dividend for Shareholders

General Dynamics‘ (NYSE: GD) board of directors has approved a quarterly cash dividend of $1.26 on the company’s common stock.

The aerospace and defense company said Wednesday it will give the dividend on Aug. 5 to holders of the common stock as of July 1.

Reston, Virginia-based General Dynamics posted flat revenue of $9.4 billion for the first quarter of its 2022 fiscal year and $730 million in profit, up 3.1 percent from the same period a year ago.

Shareholders received $330 million in total dividend payments from the company during the quarter.

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