GD - General Dynamics: Record Revenues Make This A Buy Despite All Time High

2024-04-07 12:27:36 ET

Summary

• General Dynamics has strong financials and outperformed the S&P500 since my initial coverage in September 2023.
• The company achieved record revenues of $42.3B in 2023 and has a large backlog of contracts, indicating a source for future revenue growth.
• Despite a low current dividend yield of 1.92%, General Dynamics has increased its dividend payouts for over 29 consecutive years and has solid dividend growth potential.
• All segments of the business are growing. Therefore, I believe there is still room for the price to appreciated despite being near all time highs.

Overview

General Dynamics ( GD ) is a defense and aerospace company with global operations. Their I previously covered this dividend aristocrat back in September of 2023 and since then the total return has outperformed the S&P500 ( SPY ) by double. However, I still believe there to be ample price growth despite the new highs because of the company's strong financials....

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