Why General Dynamics Stock Flew Almost 5% Higher Today
No matter their investing style, it's safe to say that nearly every person who puts money into stocks likes a dividend raise. These investor-pleasing moves are almost always met with approval, and that dynamic was in play Wednesday for veteran aerospace and defense company General Dynamics (NYSE: GD). The company's shares closed the day nearly 5% higher after a session in which the S&P 500 index climbed by a relatively modest 1.4%.On Wednesday afternoon, General Dynamics announced that its board of directors had declared its next quarterly dividend would be $1.50 per share. That's nearly 6% higher than the previous quarterly payout of $1.42 per share.Continue reading
No matter their investing style, it's safe to say that nearly every person who puts money into stocks likes a dividend raise. These investor-pleasing moves are almost always met with approval, and that dynamic was in play Wednesday for veteran aerospace and defense company General Dynamics (NYSE: GD).
The company's shares closed the day nearly 5% higher after a session in which the S&P 500 index climbed by a relatively modest 1.4%.
On Wednesday afternoon, General Dynamics announced that its board of directors had declared its next quarterly dividend would be $1.50 per share. That's nearly 6% higher than the previous quarterly payout of $1.42 per share.
