By the end of today, September 13, 2023, Northrop Grumman NOC is set to deliver a dividend payout of $1.87 per share, equating to an annualized dividend yield of 1.77%. Shareholders who owned the stock prior to the ex-dividend date on August 25, 2023 will receive this payout.
Northrop Grumman Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 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 |
| 2021-02-26 | 4 | $1.45 | 1.95% | 2021-02-16 | 2021-03-01 | 2021-03-17 |
| 2020-11-27 | 4 | $1.45 | 1.86% | 2020-11-18 | 2020-11-30 | 2020-12-16 |
With a dividend yield that places it neither at the top nor the bottom, Northrop Grumman finds itself in the middle among its industry peers, while RTX RTX boasts the highest annualized dividend yield at 3.12%.
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
From 2019 to 2022, the company's dividend per share showed a positive trend, increasing steadily from $5.16 in 2019 to $6.76 in 2022. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
YoY Earnings Growth For Northrop Grumman
From 2019 to 2022, Northrop Grumman experienced a growth in earnings per share, with an increase from $20.54 to $24.05. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
This article takes an in-depth look at Northrop Grumman's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $1.87 per share today, translating to an annualized dividend yield of 1.77%.
With a dividend yield that places it neither at the top nor the bottom, Northrop Grumman finds itself in the middle among its industry peers, while RTX boasts the highest annualized dividend yield at 3.12%.
The increase in both dividend per share and earnings per share from 2019 to 2022 for Northrop Grumman indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.
Investors are encouraged to closely track the company's performance in the upcoming quarters to stay informed of any updates in financials or dividend disbursements.
[Monitor live stock price updates for Northrop Grumman on Benzinga.](https://www.benzinga.com/quote/Northrop Grumman (NYSE: NOC))
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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