Will General Dynamics Raise Its Dividend in 2020?
The defense industry has seen some ups and downs in recent years, as increased spending on certain projects has balanced out efforts to try to rein in costs on other programs. For General Dynamics (NYSE: GD), the competition among defense contractors has been fierce, and political uncertainties have put its stock into a holding pattern over the past couple of years.
For dividend investors, General Dynamics has put together a strong record of dividend growth. Having qualified as a Dividend Aristocrat a few years ago, the defense stock has earned its reputation over more than a quarter-century. But now, could new challenges pose a threat, or will big contract wins help it grow its dividend more quickly? Let's take a closer look at General Dynamics and its chances of boosting its dividend in 2020.
Image source: General Dynamics European Land Systems.
Source Fool.com
