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General Dynamics (General Dynamics) 3-Year Dividend Growth Rate : 6.30% (As of Mar. 2024)


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What is General Dynamics 3-Year Dividend Growth Rate?

General Dynamics's Dividends per Share for the three months ended in Mar. 2024 was $1.42.

The historical rank and industry rank for General Dynamics's 3-Year Dividend Growth Rate or its related term are showing as below:

GD' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 5.4   Med: 10.3   Max: 59.2
Current: 6.3

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of General Dynamics was 59.20% per year. The lowest was 5.40% per year. And the median was 10.30% per year.

GD's 3-Year Dividend Growth Rate is ranked worse than
63.16% of 76 companies
in the Aerospace & Defense industry
Industry Median: 9.85 vs GD: 6.30

During the past 12 months, General Dynamics's average Dividends Per Share Growth Rate was 4.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 6.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 7.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 9.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

General Dynamics's Dividend Payout Ratio for the three months ended in Mar. 2024 was 0.49. As of today, General Dynamics's Dividend Yield % is 1.88%.

Warning Sign:

General Dynamics Corp stock dividend yield is close to 5-year low.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of General Dynamics's 3-Year Dividend Growth Rate

For the Aerospace & Defense subindustry, General Dynamics's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


General Dynamics's 3-Year Dividend Growth Rate Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, General Dynamics's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where General Dynamics's 3-Year Dividend Growth Rate falls into.



General Dynamics 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


General Dynamics  (NYSE:GD) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

General Dynamics's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2024 )/ EPS without NRI (Q: Mar. 2024 )
=1.42/ 2.88
=0.49

During the past 13 years, the highest Dividend Payout Ratio of General Dynamics was 0.44. The lowest was 0.30. And the median was 0.35.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

General Dynamics Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 1.4202024-04-112024-04-122024-05-10Cash DividendquarterlyUSD:USD 1.000000
USD 1.3202024-01-182024-01-192024-02-09Cash DividendquarterlyUSD:USD 1.000000
USD 1.3202023-10-052023-10-062023-11-10Cash DividendquarterlyUSD:USD 1.000000
USD 1.3202023-07-062023-07-072023-08-11Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

General Dynamics's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=5.38/284.90
=1.89 %

Current Share Price is $284.90.
General Dynamics's Dividends per Share for the trailing twelve months (TTM) ended in Today is $5.38.

During the past 13 years, the highest Dividend Yield of General Dynamics was 3.58%. The lowest was 1.46%. And the median was 2.09%.

Warning Sign:

General Dynamics Corp stock dividend yield is close to 5-year low.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


General Dynamics 3-Year Dividend Growth Rate Related Terms>


General Dynamics (General Dynamics) Business Description

Address
11011 Sunset Hills Road, Reston, VA, USA, 20190
General Dynamics is a defense contractor and business jet manufacturer. The firm's segments include aerospace, marine, combat systems, and technologies. General Dynamics' aerospace segment creates Gulfstream business jets and operates a global aircraft servicing operation. Combat systems produces land-based combat vehicles such as the M1 Abrams tank and Stryker armored personnel carrier, as well as munitions. The marine segment creates and services nuclear-powered submarines, destroyers, and other ships. The technologies segment contains two main units, an IT business that primarily serves the government market and a mission systems business that focuses on products that provide command, control, computing, intelligence, surveillance, and reconnaissance capabilities to the military.
Executives
Gregory S Gallopoulos officer: Senior VP, Gen. Counsel, Sec. C/O GENERAL DYNAMICS CORPORATION, 2941 FAIRVIEW PARK DRIVE, SUITE 100, FALLS CHURCH VA 22042
Phebe N Novakovic director, officer: Chairman and CEO
Marguerite Amy Gilliland officer: Senior Vice President 2941 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Charles W Hooper director C/O APA CORPORATION, 2000 POST OAK BLVD STE 100, HOUSTON TX 77056
Mark Malcolm director TOWER INTERNATIONAL, INC., 17672 LAUREL PARK DRIVE N., SUITE 400E, LIVONIA MI 48152
Richard D Clarke director 11011 SUNSET HILLS ROAD, RESTON VA 20190
Mark Lagrand Burns officer: Vice President 2941 FAIRVIEW PARK DRIVE, SUITE 100, FALLS CHURCH VA 22042
Mark C. Roualet officer: Vice President C/O GENERAL DYNAMICS CORPORATION, 2941 FAIRVIEW PARK DRIVE, SUITE 100, FALLS CHURCH VA 22042
William A Moss officer: Vice President and Controller 2941 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
James S Crown director 222 N LASALLE STREET, STE 2000, CHICAGO IL 60601
Robert K Steel director 85 BROAD STREET, NEW YORK NY 10004
William A Osborn director 100 NE ADAMS STREET, PEORIA IL 61629
Danny Deep officer: Vice President 11011 SUNSET HILLS ROAD, RESTON VA 20190
John G Stratton director 1095 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10036
Lester L Lyles director C/O MTC TECHNOLOGIES INC, 4032 LINDEN AVENUE, DAYTON OH 45432

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