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NEW YORK ( TheStreet) -- The ex-dividend date for General Dynamics (NYSE: GD) is tomorrow, October 5, 2011. Owners of shares as of market close today will be eligible for a dividend of 47 cents per share. At a price of $55.03 as of 9:30 a.m. ET, the dividend yield is 3.3%. The average volume for General Dynamics has been 2.6 million shares per day over the past 30 days. General Dynamics has a market cap of $20.6 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are down 21.5% year to date as of the close of trading on Monday. General Dynamics Corporation provides business aviation, combat vehicles, weapons systems and munitions, military and commercial shipbuilding, and communications and information technology products and services worldwide. The company has a P/E ratio of 8.1, equal to the average aerospace/defense industry P/E ratio and below the S&P 500 P/E ratio of 17.7.