General Dynamics’ (GD) 28-Year Dividend Growth Streak Makes it a Must-Buy Dividend Stock

Core Insights - General Dynamics Corporation (NYSE:GD) is recognized as a must-buy dividend stock due to its strong performance and consistent dividend growth, having raised its payout for 28 consecutive years [2][3] - The stock has surged by nearly 32% since the start of 2025, indicating significant investor interest and confidence in the company's future prospects [2] - The company maintains a quarterly dividend of $1.50 per share, resulting in a dividend yield of 1.75% as of October 9 [3] Company Overview - General Dynamics is a leading US military shipbuilder and a key supplier of tanks and armored vehicles for the Army, contributing to its stable revenue streams [2] - The company operates one of the largest defense-oriented IT and services divisions, which helps mitigate revenue fluctuations associated with shipbuilding projects [2][3] - Despite recent performance lagging for reasons unrelated to its defense operations, the company's diversified operations help smooth out results over time [2][3]