Northrop Grumman Raises Dividend by 8 Percent

Aerospace company attributed its 20th consecutive annual dividend to disciplined capital management.

Jonathan Welsh

Wednesday, May 17, 2023 at 02:14 PM ET

Verified

Northrop Grumman's B-2 Spirit bomber. [Credit: Shutterstock]

Key Takeaways:

Northrop Grumman's board declared a quarterly dividend of $1.87 per share, an 8% increase over the previous dividend.
This marks the company's 20th consecutive annual dividend increase.
The company stated this reflects a disciplined, balanced approach to capital deployment, benefiting shareholders while investing in the business.

See a mistake? Contact us.

Northrop Grumman Corp. (NYSE: NOC) said its board of directors declared a quarterly dividend of $1.87 per share on the company’s common stock, marking an increase of 8 percent over the previous dividend.

“Today (Tuesday) we announced an 8 percent increase to our quarterly dividend, marking our 20th consecutive annual increase,” said Kathy Warden, chair, CEO and president of Northrop Grumman. “We employ a disciplined, balanced approach to capital deployment, including providing a sustainable and growing dividend for our shareholders while also investing in our business to support our customers.”