|Bid||0.00 x 1000|
|Ask||0.00 x 900|
|Day's range||225.87 - 229.45|
|52-week range||188.64 - 254.99|
|Beta (5Y monthly)||0.87|
|PE ratio (TTM)||19.39|
|Earnings date||25 Oct 2022 - 31 Oct 2022|
|Forward dividend & yield||5.04 (2.20%)|
|Ex-dividend date||06 Oct 2022|
|1y target est||263.73|
General Dynamics NASSCO, a subsidiary of General Dynamics (NYSE: GD), announced today that it received $1.4 billion in U.S. Navy contract modifications for construction of a sixth Expeditionary Sea Base ship (ESB 8) and two additional John Lewis-class fleet oilers (T-AO 211 and 212). This award comes in addition to $600 million already received to procure long-lead time materials for the same ships. The contract modification also provides an option for the Navy to procure an additional oiler, T-
Most aerospace and defense companies came up with a mixed earnings. However, some companies offered assuring outlooks.
The long history of the stock market tells us one of the best things you can do with your money is buy dividend stocks. Time and again studies show dividend stocks outperform nonpaying ones by healthy margins, and even when the market has generated negative returns across certain decades, income-generating stocks still produced gains. It's one of the reasons why I think the defense industry is an excellent place to look for investments for a lifetime of passive income.