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GD Increases Dividend

Cal Biesecker By
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GD Increases Dividend
GD Chairman and CEO Phebe Novakovic. Photo: GD

General Dynamics [GD] on Wednesday said its board has approved an increase in the company’s annual stock dividend, marking the 18th consecutive year GD has boosted its dividend.The regular quarterly dividend will rise by 7 cents per share, or 11.3 percent, to 69 cents per share and be payable on May 8.GD expects weaker free cash flow this year than in 2014 when it recorded $3.2 billion, but Phebe Novakovic, the company’s chairman and CEO, said in January that it…

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