General Dynamics Raises Dividend 6% as War Rages Around the World

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U.S. defense contractor General Dynamics GD -1.10% ▼ has raised its quarterly dividend by 6% as wars rage across the globe, lifting demand for its military products.

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The company, which manufactures nuclear submarines, battle tanks, and armored vehicles, said that, going forward, it will pay a quarterly distribution to stockholders of $1.59 per share, up 6% from $1.50 previously. GD stock will have a dividend yield of 1.77% following the increase.

The new dividend will be payable on May 8 of this year to shareholders of record as of April 10, said the company in a news release. The new dividend has been declared as General Dynamics’ stock surges higher with demand growing for its military equipment and weapons.

Boom Times for the War Complex

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