13 Best Industrial Dividend Stocks to Buy Right Now

Page 2 of 11

10. General Dynamics Corporation (NYSE:GD)

Number of Hedge Fund Holders: 46

General Dynamics Corporation (NYSE:GD) is among the best industrial stocks that pay dividends. On June 4, the company declared a quarterly dividend of $1.50 per share, having raised it by 5.6% in March. This marked the company’s 28th consecutive year of dividend growth. The stock’s dividend yield comes in at 1.99%, as of July 13.

General Dynamics Corporation (NYSE:GD) is one of the two main builders of military ships and is a key supplier of tanks and land vehicles for the US Army. In addition to its strong presence in defense manufacturing, the company also operates one of the largest IT and services businesses focused on defense, which helps provide steady revenue even when the Pentagon reduces spending on hardware.

General Dynamics Corporation (NYSE:GD) reported strong earnings in the first quarter of 2025, with revenues coming in at $12.22 billion. The revenue not only grew by 14% on a YoY basis, but also beat analysts’ estimates by $279.2 million. The company’s operating cash flow for the quarter came in at $148 million. In addition, it returned $383 million to shareholders through dividends.

Page 2 of 11