Northrop Grumman Corporation Declares Quarterly Dividend of $2.47 (NYSE:NOC)

Northrop Grumman Corporation (NYSE:NOC) declared a quarterly dividend on Wednesday, August 19th. Shareholders of record on Monday, August 31st will be given a dividend of 2.47 per share by the aerospace company on Wednesday, September 16th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, August 31st.

Northrop Grumman has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 22 years. Northrop Grumman has a payout ratio of 34.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Northrop Grumman to earn $30.44 per share next year, which means the company should continue to be able to cover its $9.88 annual dividend with an expected future payout ratio of 32.5%.

Northrop Grumman Stock Performance

Shares of Northrop Grumman stock opened at $583.14 on Thursday. The company has a market capitalization of $82.82 billion, a PE ratio of 18.52, a P/E/G ratio of 3.81 and a beta of -0.11. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.17. The company has a 50-day simple moving average of $541.15 and a two-hundred day simple moving average of $611.37. Northrop Grumman has a one year low of $479.02 and a one year high of $774.00.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, beating analysts’ consensus estimates of $6.82 by $0.86. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The business had revenue of $10.88 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same period last year, the business earned $8.15 EPS. The company’s revenue was up 5.1% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Research analysts expect that Northrop Grumman will post 28.97 EPS for the current fiscal year.

About Northrop Grumman

Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.

The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.