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

Northrop Grumman Corporation (NYSE:NOC) declared a quarterly dividend on Wednesday, August 19th. Shareholders of record on Monday, August 31st will be paid a dividend of 2.47 per share by the aerospace company on Wednesday, September 16th. This represents a c) dividend on an annualized basis and a dividend 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 raised its dividend annually for the last 22 consecutive years. Northrop Grumman has a dividend payout ratio of 34.4% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Down 1.0%

NOC stock opened at $583.14 on Thursday. The company’s 50-day simple moving average is $541.15 and its 200-day simple moving average is $611.37. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. Northrop Grumman has a 52-week low of $479.02 and a 52-week high of $774.00. The firm has a market cap of $82.82 billion, a P/E ratio of 18.52, a PEG ratio of 3.81 and a beta of -0.11.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, beating analysts’ consensus estimates of $6.82 by $0.86. The firm had revenue of $10.88 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. As a group, equities analysts forecast 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.