LONDON, UK / ACCESSWIRE / October 4, 2017 / Pro-Trader Daily takes a closer look at General Dynamics Corp. (NYSE: GD) as the Company's stock will begin trading ex-dividend on October 05, 2017. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on October 04, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

http://protraderdaily.com/register/

Today, PRO-TD covers ex-dividend news on GD. Get our free coverage by signing up at:

http://protraderdaily.com/optin/?symbol=GD

Dividend Declared

On August 02, 2017, General Dynamics' Board of Directors declared a regular quarterly dividend of 84 cents per share on the Company's common stock payable November 10, 2017, to shareholders of record on October 06, 2016.

General Dynamics' indicated dividend represents a yield of 1.63%, which is substantially higher compared to the average dividend yield of 1.18% for the Industrial Goods sector. General Dynamics has raised dividend for nineteen straight years.

Dividend Insights

General Dynamics has a dividend payout ratio of 34.3%, which indicates that the Company distributes approximately $0.34 for every $1.00 earned. The dividend payout ratio reflects how much amount a Company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, General Dynamics is forecasted to report earnings of $10.52 for the next year, which is substantially above the Company's annualized dividend of $3.36.

At July 02, 2017, General Dynamics' cash and equivalents totaled $1.86 billion compared to $2.33 billion as on December 31, 2016. The Company's net cash provided by operating activities in Q2 2017 totaled $477 million, up 21% on a y-o-y basis, while free cash flow from operations was $386 million. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain its dividend distribution for a long period.

Recent Development for General Dynamics

On September 82, 2017, The US Navy has awarded General Dynamics Bath Iron Works funding for the planning and construction of two Arleigh Burke-class destroyers, DDG 126 and DDG 127. The contract modification fully funds the two ships.

DDG 126 was awarded under the contract that was part of a multi-year competition for DDG 51-class destroyers in 2013. DDG 127 was approved by Congress under separate legislation.

The contract modification includes funding for the Flight III upgrades on DDG 126. There are currently four DDG 51 destroyers in production at Bath Iron Works: Thomas Hudner (DDG 116), Daniel Inouye (DDG 118), Carl M. Levin (DDG 120), and John Basilone (DDG 122).

The Arleigh Burke-class destroyer is a multi-mission combatant that offers defense against a wide range of threats. It operates in support of carrier battle groups, surface action groups, amphibious groups, and replenishment groups, providing a complete array of anti-submarine, anti-air and anti-surface capabilities.

About General Dynamics

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 2016 revenue was $30.6 billion.

Stock Performance

On Tuesday, October 03, 2017, the stock closed the trading session at $210.53, marginally up 0.87% from its previous closing price of $208.72. A total volume of 907.38 thousand shares have exchanged hands. General Dynamics' stock price soared 4.88% in the last three months, 12.15% in the past six months, and 36.08% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have surged 21.93%. The stock is trading at a PE ratio of 20.99 and has a dividend yield of 1.60%. At Tuesday's closing price, the stock's net capitalization stands at $62.88 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily