General Dynamics ‘ (NYSE: GD) board of directors has approved a quarterly cash dividend of $1.26 on the company’s common stock.
The aerospace and defense company said Wednesday it will give the dividend on Aug. 5 to holders of the common stock as of July 1.
Reston, Virginia-based General Dynamics posted flat revenue of $9.4 billion for the first quarter of its 2022 fiscal year and $730 million in profit, up 3.1 percent from the same period a year ago.
Shareholders received $330 million in total dividend payments from the company during the quarter.
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