General Dynamics Board Declares Dividend, Authorizes Share Repurchases

The General Dynamics (NYSE: GD) board of directors has declared a regular quarterly dividend of 47 cents per share on the company’s common stock. The dividend will be payable Aug. 5, 2011, to shareholders of record at the close of business July 1.

The board also authorized management to repurchase up to 10 million shares of the company’s issued and outstanding common stock on the open market.

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