No matter their investing style, it’s safe to say that nearly every person who puts money into stocks likes a dividend raise. These investor-pleasing moves are almost always met with approval, and that dynamic was in play Wednesday for veteran aerospace and defense company General Dynamics (NYSE: GD).
The company’s shares closed the day nearly 5% higher after a session in which the S&P 500 index climbed by a relatively modest 1.4%.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More »
On Wednesday afternoon, General Dynamics announced that its board of directors had declared its next quarterly dividend would be $1.50 per share. That’s nearly 6% higher than the previous quarterly payout of $1.42 per share.
The new payout will be distributed on May 9 to shareholders of record as of April 11, giving investors plenty of time to pile into the stock to take advantage. At the current share price, it would yield just under 2.3%.
The company didn’t hesitate to mention that this marks the 28th year in a row it has enacted a dividend raise. Since the start of 2020, the payout has grown steadily from $1.10 per quarter to the present level.
A consistent dividend-raising policy means that those shareholder disbursements get regular bumps no matter how the company is doing in the near term. General Dynamics’ latest quarterly results weren’t bad, necessarily, but they didn’t impress the market.
At the end of January, the company unveiled its fourth-quarter and full-year 2024 figures. While it beat expectations on both revenue and profitability, certain business units — such as its storied Gulfstream aircraft business — posted sales figures that undershot analysts’ estimates. In the wake of the release, traders sold the stock, and to some degree, that disappointment has lingered. But the stock is now about even year to date.
Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.
On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:
Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon.
*Stock Advisor returns as of March 10, 2025
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
—
Blog powered by G6
Disclaimer! A guest author has made this post. G6 has not checked the post. its content and attachments and under no circumstances will G6 be held responsible or liable in any way for any claims, damages, losses, expenses, costs or liabilities whatsoever (including, without limitation, any direct or indirect damages for loss of profits, business interruption or loss of information) resulting or arising directly or indirectly from your use of or inability to use this website or any websites linked to it, or from your reliance on the information and material on this website, even if the G6 has been advised of the possibility of such damages in advance.
For any inquiries, please contact legal@gsix.org
