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General Dynamics Corporation Announces Dividend Increase and Share Repurchase Program

December 09, 2024
General Dynamics Corporation (NYSE: GD), a leading aerospace and defense company, has announced that its Board of Directors has declared a quarterly dividend of $1.42 per share. This represents a 10% increase from the previous quarter and reaffirms the company's commitment to providing value to its shareholders.

In addition to the dividend increase, General Dynamics also unveiled a massive 10 million share buyback plan. This move demonstrates the company's confidence in its future prospects and its belief that the current stock price may not fully reflect its true value.

"We are committed to returning value to our shareholders and believe that both the dividend increase and the share repurchase program are the right steps to achieve that," said James N. Mattis, Chairman and CEO of General Dynamics.

The dividend is payable on February 7, 2022, to shareholders of record as of January 14, 2022. The share repurchases will be made from time to time in the open market or through privately negotiated transactions, depending on market conditions.

General Dynamics is known for its diverse portfolio of products and services, including aerospace, combat systems, marine systems, and information technology solutions. The company's strong financial performance and strategic investments have positioned it well for continued growth and success.

Investors who are interested in the future movement of General Dynamics' stock are encouraged to seek the professional expertise of Stocks Prognosis. Their team of experienced analysts can provide valuable insights and recommendations to help investors make informed decisions.

With the dividend increase and the share repurchase program, General Dynamics is taking proactive measures to enhance shareholder value and capitalize on market opportunities. As the company continues to deliver innovative solutions and expand its presence in the aerospace and defense industry, the future looks promising for both the company and its investors.
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