General Dynamics (NYSE:GD) is electing to keep its dividend level for the time being. The company has declared a quarterly disbursement of $0.56 per share of its common stock, to be paid on Aug. 9 to shareholders of record as of July 5.
That amount matches the company's previous distribution, which was handed out in May. Before that, General Dynamics paid $0.51 per share.
The company is a reliable dividend payer. It tends to raise its distribution once every year.
The just-declared dividend annualizes to $2.24 per share. That yields 2.9% at General Dynamics' most recent closing stock price of $76.68.
Fool contributor Eric Volkman has no position in General Dynamics. The Motley Fool owns shares of General Dynamics. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.