General Dynamics Corporation
GD34 yrs growthIndustrials · Stock · quarterly payer
Forward Yield
1.66%
Annual Dividend
$6.36
Payout Ratio
38%
5-Yr Growth
6.5%
Ex-Date
Oct 9, 2026
Frequency
Quarterly
Summary
As of August 2026, General Dynamics Corporation (GD) yields 1.66% ($6.36 per share annually), with a blended fair-value estimate of $313.00 — -18% downside, so it screens as overvalued. Dividend safety grade: A (99/100). 34 years of dividend growth.
Is GD a good dividend stock?
YesGeneral Dynamics Corporation (GD) pays a quarterly dividend yielding 1.66% ($6.36/yr), with 34 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Dividend Aristocrat — 34 consecutive years of growth
- Never cut its dividend on record
- Comfortable payout ratio (38%)
- Strong 6.5% 5-yr dividend growth
- 96% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 1.66%
- Payout Ratio
- 38%
- Annual Dividend
- $6.36
- 5-Yr Avg Growth
- 6.5%
- Ex-Dividend Date
- Oct 9, 2026
- Years of Growth
- 34
- Frequency
- quarterly
- Beta
- 0.33
- Market Cap
- $104.7B
- P/E Ratio
- 23.4
- 5-Yr Total Return
- 96%
- 52-Week Range
- $306.77 – $400.00
- Dividend Safety
- A · 99/100
- Ever Cut?
- No
Frequently Asked Questions
GD Price — Last 12 Months
Daily close
Price Return
1 Year
+21%
3 Years
+73%
5 Years
+96%
52-Week Range
$306.77 – $400.00
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is GD worth?
Overvaluedmedium confidenceOur blended fair-value estimate for General Dynamics Corporation is $313.00 per share, versus a market price of $383.42. That implies 18% of downside.
Fair Value
$313.00
Current Price
$383.42
Downside
-18%
Margin of Safety
-22%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 8.6% annual free-cash-flow growth. We model 7.9% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), 7.9% stage-1 growth, 2.5% terminal growth, $16.41 EPS, $6.36 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
GD Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 2, 2026 | — | $1.5900 | regular |
| Apr 10, 2026 | — | $1.5900 | regular |
| Jan 16, 2026 | — | $1.5000 | regular |
| Oct 10, 2025 | — | $1.5000 | regular |
| Jul 3, 2025 | — | $1.5000 | regular |
| Apr 11, 2025 | — | $1.5000 | regular |
| Jan 17, 2025 | — | $1.4200 | regular |
| Oct 11, 2024 | — | $1.4200 | regular |
| Jul 5, 2024 | — | $1.4200 | regular |
| Apr 11, 2024 | — | $1.4200 | regular |
| Jan 18, 2024 | — | $1.3200 | regular |
| Oct 5, 2023 | — | $1.3200 | regular |
| Jul 6, 2023 | — | $1.3200 | regular |
| Apr 13, 2023 | — | $1.3200 | regular |
Income Calculator
At $6.36 / yr per share
