General Dynamics (GD) increased its quarterly dividend by 7.58%, from $1.32 to $1.42 per
share.
The dividend will be paid on 10 May to shareholders of record on 12 April.
The ex-dividend date is 11 April.
GD's contribution to DivGro's projected annual dividend income will
increase by $40 to $568.
I own 100 shares of GD at an average cost basis of $120.86 per share. Following this increase, my yield on cost
is 4.70%. (GD's forward yield is 2.08% at $273.22 per share).
GD became DivGro's 1st Home Run stock in October 2014, when the stock doubled my original
capital outlay.
5-Year History of Dividend Payouts by Ex-Date
| 2019 | 2020 | 2021 | 2022 | 2023 | • | 2024 |
| $3.990 | $4.320 | $4.670 | $4.970 | $5.220 | ⬆ | $5.580✝ |
| 9.92% | 8.27% | 8.10% | 6.42% | 5.03% | ⬆ | 6.90% |
| 5-year DGR: | 5.33% | ⬆ | 6.94% | |||
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