Why General Dynamics Stock Flew Almost 5% Higher Today

Core Points - General Dynamics announced a quarterly dividend of $1.50 per share, a nearly 6$1.42 per share [2] - This marks the 28th consecutive year of dividend increases for General Dynamics, with the payout growing from $1.10 per quarter since the start of 2020 [3] - The stock closed nearly 5% higher following the dividend announcement, while the S&P 500 index rose by 1.4% [1] Financial Performance - General Dynamics reported its fourth-quarter and full-year 2024 figures at the end of January, beating expectations on revenue and profitability [5] - Despite the overall positive results, certain business units, particularly the Gulfstream aircraft division, reported sales figures below analysts' estimates, leading to some market disappointment [4][5] - The stock performance has stabilized, being approximately even year to date despite the earlier sell-off [5]