General Dynamics Announces $1.50 Quarterly Dividend, Reports $47.7 Billion in Revenue for 2024

General Dynamics has declared a quarterly dividend of $1.50 per share, payable on November 14, 2025. The company achieved $47.7 billion in revenue for 2024 and operates in diverse sectors, employing over 110,000 people globally.

General Dynamics (NYSE: GD) has declared a quarterly dividend of $1.50 per share, payable on November 14, 2025. This dividend is part of the company's 47-year streak of consecutive dividend payments, with 11 straight years of increases [1]. The dividend will be distributed to shareholders of record as of October 10, 2025.

General Dynamics, a global aerospace and defense company, generated $47.7 billion in revenue in 2024, operating across multiple sectors including business aviation, ship construction and repair, land combat vehicles, weapons systems, munitions, and technology products and services [1]. The company employs over 110,000 people worldwide and maintains a healthy 1.91% dividend yield, reflecting its strong financial position [1].

In addition to the dividend announcement, General Dynamics reported strong second-quarter earnings. The company's earnings per share reached $3.74, surpassing expectations by 5%. Revenue also increased by 9% compared to the same period last year, reaching $13 billion, which exceeded the consensus expectation of $12.39 billion [1]. The company has also secured a $98 million contract modification from the U.S. Department of Defense, extending its work with the U.S. Air Forces Central Command until September 2026. Furthermore, the U.S. Navy has added another DDG 51 destroyer to its contract with General Dynamics Bath Iron Works, joining seven other destroyers currently under construction [1].

Several financial firms have adjusted their price targets for General Dynamics in light of these developments. RBC Capital raised its target to $330, Bernstein increased it to $335, and Citi raised its target to $368, maintaining a Buy rating [1]. These adjustments reflect the company’s robust financial performance and ongoing government contracts.

References:
[1] https://za.investing.com/news/company-news/general-dynamics-declares-quarterly-dividend-of-150-per-share-93CH-3823689
[2] https://www.marketscreener.com/news/general-dynamics-board-declares-dividend-ce7c5eded88ef424