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Business/Financial

GD Raises Dividend

By Cal Biesecker

Wednesday, March 5th, 2014

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GD Raises Dividend

GD Chairman and CEO Phebe Novakovic. Photo: GD

General Dynamics [GD] on Wednesday said its board has declared a quarterly dividend of 62 cents per share on the company’s stock, representing a nearly 11 percent increase over the current 56 cents per share dividend. The new dividend rate is payable May 9. The increase marks the 17th consecutive year GD has raised its dividend. The decision to raise the dividend demonstrates confidence in the company’s outlook for cash generation this year. The dividend increases follows an announcement in…

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