Why it’s on the map
Electric Boat: Buy American / Jones Act + 50% steel tariffs lock in domestic yards. FY27 request $65.8B for Navy shipbuilding.
Government money & contracts
July 30, 2026: $29.5B for five Columbia-class + share of $42.1B for nine Virginia-class Block VI + $5B nuclear shipbuilding infrastructure ($76.6B package with HII).
Customers & commercial
US Navy.
Catalysts
Q3 late Oct; FY27 NDAA.
Risk
Lead Columbia boat slipped to 2028; labor; tariff-inflated steel on fixed-price work.
Tariff durability
Durable.
Dividend · #24 of 47 payers by yield
1.71% yield
$6.36 a share a year · quarterly · pays Feb · May · Aug · Nov
Per payment$1.59a share, 4× a year
Next payoutNov 13declared · $1.59 a share
Last ex-dateJul 2, 2026own it before the ex-date to collect
Last paidAug 7, 2026$1.59 a share
Payout ratio37%of earnings · well covered
Raised35 yrsconsecutive years of increases
Shares at the Oct 30 close of $372.592.68
Each payment$4.27
Per year · 4 payments$17.07
Recent payments
| Ex-date | Paid | Per share | |
|---|---|---|---|
| Oct 9, 2026 | Nov 13, 2026 | $1.59 | declared, upcoming |
| Jul 2, 2026 | Aug 7, 2026 | $1.59 | |
| Apr 10, 2026 | May 8, 2026 | $1.59 | |
| Jan 16, 2026 | Feb 6, 2026 | $1.50 | before the raise |
Yield = $1.59 × 4 ÷ the Oct 30 close of $372.59. A dividend is a board decision, not a promise — it can be raised, cut or suspended any quarter. Dividend history source