General Dynamics Stock To Go Ex-dividend Tomorrow (GD)

NEW YORK ( TheStreet) -- The ex-dividend date for General Dynamics (NYSE: GD) is tomorrow, April 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 51 cents per share. At a price of $70.38 as of 9:30 a.m. ET, the dividend yield is 2.8%.

The average volume for General Dynamics has been 1.9 million shares per day over the past 30 days. General Dynamics has a market cap of $25.41 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 6.6% year to date as of the close of trading on Monday.

General Dynamics Corporation, an aerospace and defense company, 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 10.3, above the average aerospace/defense industry P/E ratio of 10 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates General Dynamics as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full General Dynamics Ratings Report.

See our dividend calendar or top-yielding stocks list.
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