At the end of March 13, 2024, Northrop Grumman NOC will reward its shareholders with a dividend payout of $1.87 per share, demonstrating an annualized dividend yield of 1.66%. Remember, only investors who held the stock before the ex-dividend date on February 23, 2024 will receive this payout.
Northrop Grumman Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-23 | 4 | $1.87 | 1.66% | 2024-02-13 | 2024-02-26 | 2024-03-13 |
| 2023-11-24 | 4 | $1.87 | 1.6% | 2023-11-15 | 2023-11-27 | 2023-12-13 |
| 2023-08-25 | 4 | $1.87 | 1.77% | 2023-08-16 | 2023-08-28 | 2023-09-13 |
| 2023-05-26 | 4 | $1.87 | 1.7% | 2023-05-16 | 2023-05-30 | 2023-06-14 |
| 2023-02-24 | 4 | $1.73 | 1.5% | 2023-02-16 | 2023-02-27 | 2023-03-15 |
| 2022-11-25 | 4 | $1.73 | 1.38% | 2022-11-16 | 2022-11-28 | 2022-12-14 |
| 2022-08-26 | 4 | $1.73 | 1.43% | 2022-08-17 | 2022-08-29 | 2022-09-14 |
| 2022-05-27 | 4 | $1.73 | 1.51% | 2022-05-17 | 2022-05-31 | 2022-06-15 |
| 2022-02-25 | 4 | $1.57 | 1.61% | 2022-02-15 | 2022-02-28 | 2022-03-16 |
| 2021-11-26 | 4 | $1.57 | 1.77% | 2021-11-17 | 2021-11-29 | 2021-12-15 |
| 2021-08-27 | 4 | $1.57 | 1.73% | 2021-08-11 | 2021-08-30 | 2021-09-15 |
| 2021-05-28 | 4 | $1.57 | 1.68% | 2021-05-18 | 2021-06-01 | 2021-06-16 |
Northrop Grumman's dividend yield falls in the middle range when compared to its industry peers, with Lockheed Martin LMT having the highest annualized dividend yield at 2.90%.
Analyzing Northrop Grumman Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
During the period of 2020 to 2023, the company experienced a notable growth in its dividend per share. The dividend per share increased from $5.67 to $7.34, reflecting the company's focus on providing greater returns to its shareholders.
YoY Earnings Growth For Northrop Grumman
Investors can observe a growth in earnings for Northrop Grumman from 2020 to 2023, as earnings per share increased from $22.66 to $24.52. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
Recap
In this article, we explore the recent dividend payout of Northrop Grumman and its significance for shareholders. The company has decided to distribute a dividend of $1.87 per share today, which equates to an annualized dividend yield of 1.66%.
Northrop Grumman's dividend yield falls in the middle range when compared to its industry peers, with Lockheed Martin having the highest annualized dividend yield at 2.90%.
The increase in both dividend per share and earnings per share from 2020 to 2023 for Northrop Grumman indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.
To remain updated on any changes in financials or dividend disbursements, investors should closely observe the company's performance in the coming quarters.
\To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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