Northrop Grumman Corporation (NOC) To Go Ex-Dividend on September 2nd

Northrop Grumman Corporation (NYSE:NOC) declared a quarterly dividend on Wednesday, August 20th, RTT News reports. Stockholders of record on Tuesday, September 2nd will be given a dividend of 2.31 per share by the aerospace company on Wednesday, September 17th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 2nd.

Northrop Grumman has a payout ratio of 32.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Northrop Grumman to earn $28.99 per share next year, which means the company should continue to be able to cover its $9.24 annual dividend with an expected future payout ratio of 31.9%.

Northrop Grumman Stock Up 0.8%

Northrop Grumman stock opened at $597.19 on Friday. The company has a market capitalization of $85.51 billion, a P/E ratio of 22.01, a P/E/G ratio of 5.67 and a beta of 0.15. The firm’s fifty day simple moving average is $539.97 and its 200-day simple moving average is $503.70. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. Northrop Grumman has a 1-year low of $426.24 and a 1-year high of $598.83.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share for the quarter, beating analysts’ consensus estimates of $6.84 by $0.27. The business had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.15 billion. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. Northrop Grumman’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $6.36 EPS. Northrop Grumman has set its FY 2025 guidance at 25.000-25.400 EPS. Sell-side analysts forecast that Northrop Grumman will post 28.05 earnings per share for the current fiscal year.

About Northrop Grumman

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company’s Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.