General Dynamics Board Increases Dividend, Authorizes Share Repurchases

News provided by

Mar 01, 2017, 13:37 ET

FALLS CHURCH, Va., March 1, 2017 /PRNewswire/ -- The board of directors of General Dynamics (NYSE: GD) today declared a regular quarterly dividend of 84 cents per share on the company's common stock, payable May 5, 2017, to shareholders of record on April 7. The dividend represents a 10.5 percent increase from the previous quarterly dividend of 76 cents per share, and it is the 20th consecutive annual dividend increase authorized by the General Dynamics board.

The board also provided management with the authority to repurchase an additional 10 million shares of the company's issued and outstanding common stock on the open market.

Headquartered in Falls Church, Virginia, General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; C4ISR and IT solutions; and shipbuilding. The company's revenues in 2016 were $31.4 billion.

More information about the company is available at www.generaldynamics.com.

SOURCE General Dynamics