General Dynamics Corporation Dividend Increase

rolled banknotes

Image Source: Unsplash

General Dynamics Corporation (GD) recently increased its quarterly dividend by 7.58%, from $1.32 to $1.42 per share. The dividend will be paid on May 10 to shareholders of record on April 12. The ex-dividend date is April 11.

The stock's contribution to my portfolio's projected annual dividend income will increase by $40 to $568.

I own 100 shares of the stock at an average cost basis of $120.86 per share. Following this increase, my yield on cost is 4.70% (GD's forward yield is 2.08% at $273.22 per share).

General Dynamics became my portfolio's 1st Home Run stock in October 2014, when the stock doubled my original capital outlay.

More By This Author:

Why Invest In Low Dividend Yield Stocks?
Home Depot Dividend Increase
NextEra Energy Dividend Increase

Disclaimer: I'm not an investment professional or a licensed financial advisor. This article represents my personal views and decisions, which may not be appropriate for other investors. ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.