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Stock impact report

Analysis-Investors in defense stocks wary as Trump places new limits on CEO pay and dividends [Yahoo! Finance Canada]

General Dynamics Corporation (GD) 
Last general dynamics corporation earnings: 4/29 07:00 am Check Earnings Report
US:NYSE Investor Relations: investorrelations.gd.com
U.S. President Donald Trump issued an executive order on January 7 prohibiting defense contractors from paying dividends or buying back shares "until such ?time as they are able to produce a superior product, on time and on budget." Separately Trump also said annual CEO payouts should be limited to $5 million. Although Trump said he ?would dramatically boost federal defense spending, investors said they were dismayed by what they characterized as heavy-handed federal meddling in an industry whose payouts are in line with other big U.S. corporations, a Reuters analysis found. "In the big picture on defense, ?it's a step forward on defense spending. However, the micromanaging of capital allocation is three-quarters of a step back," said David Sowerby, managing director of Ancora Advisors, a registered investment adviser with about 148,000 shares in General Dynamics. Sowerby said he worries Trump's approach could lead the best executives to go to other industries and distort share Show less Read more
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