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Ex-Dividend Alert: General Dynamics Has Raised Dividend for 20 Consecutive Years; Will Trade Ex-Dividend on January 18, 2018

LONDON, UK / ACCESSWIRE / January 17, 2018 / Active-Investors has a free review on General Dynamics Corp. (NYSE: GD) following the Company's announcement that it will begin trading ex-dividend on January 18, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on January 17, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on GD:

www.active-investors.com/registration-sg/?symbol=GD

If your portfolio includes dividend stocks, you have come to the right place for timely information. All you need to do is sign up for your free membership at:

www.active-investors.com/registration-sg

Dividend Declared

On December 06, 2017, General Dynamics' Board of Directors declared a regular quarterly dividend of $0.84 per share on the Company's common stock, payable February 09, 2018, to shareholders of record on January 19, 2017.

General Dynamics' indicated dividend represents a yield of 1.60%, which is substantially higher compared to the average dividend yield of 1.11% for the Industrial Goods sector. The Company has raised dividend for twenty consecutive years.

Dividend Insight

General Dynamics has a dividend payout ratio of 34.3%, which denotes that the Company spends approximately $0.34 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, General Dynamics is forecasted to report earnings of $10.50 per share for the next year, which is substantially above its annualized dividend of $3.36 per share.

General Dynamics' net cash provided by operating activities in Q3 2017 totaled $871 million compared to $499 million in the year-ago same quarter. As of October 01, 2017, the Company's cash and equivalents totaled $2.72 billion compared to $2.33 billion as on December 31, 2016. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development for General Dynamics

On January 12, 2018, General Dynamics European Land Systems a business unit of General Dynamics signed a contract to deliver up to 227 PIRANHA 5-wheeled armored vehicles in six different configurations to the Romanian Armed Forces. The contract has a total value exceeding $1 billion. It is part of the Romanian Army's plan to modernize its legacy wheeled armored vehicle fleet.

The modern PIRANHA 5 vehicles will be produced in Romania under a strategic cooperation and transfer of technology project between General Dynamics European Land Systems - Mowag and the Romanian company Uzina Mecanică București (UMB). With more than 11,000 systems fielded, the PIRANHA is one of the most successful 8x8 wheeled armored vehicles in the world.

About General Dynamics

Headquartered in Falls Church, Virginia General Dynamics is a global aerospace and defense Company that offers a broad portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; C4ISR and IT solutions; and shipbuilding.

The company's 2016 revenue was $30.6 billion.

Stock Performance Snapshot

January 16, 2018 - At Tuesday's closing bell, General Dynamics' stock dropped 2.02%, ending the trading session at $206.33.

Volume traded for the day: 1.75 million shares, which was above the 3-month average volume of 1.15 million shares.

Stock performance in the last month – up 4.93%; previous six-month period – up 3.09%; past twelve-month period – up 15.99%; and year-to-date – up 1.42%

After yesterday's close, General Dynamics' market cap was at $61.76 billion.

Price to Earnings (P/E) ratio was at 20.49.

The stock has a dividend yield of 1.63%.

The stock is part of the Industrial Goods sector, categorized under the Aerospace/Defense Products & Services industry.

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