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Northrop Grumman (NOC) Dividend Yield, Date & History

Northrop Grumman logo
$469.54 +2.41 (+0.52%)
(As of 12/20/2024 05:31 PM ET)

Northrop Grumman Dividend Summary

Dividend Yield
1.75%
Annual Dividend
$8.24
Recent
Dividend Payment
Dec. 18
Dividend Increase
Track Record
21 Years
Annualized 3-Year
Dividend Growth
8.99%
Dividend Payout Ratio
51.05%

Northrop Grumman (NOC) pays an annual dividend of $8.24 per share, with a dividend yield of 1.75%. The next quarterly payment of $2.06 per share was paid on Wednesday, December 18, to investors who owned the stock before the ex-dividend date of Monday, December 2. NOC has grown its dividend for 21 consecutive years, with an average annual increase of 2.91%. The company currently pays out 51.05% of its earnings and 25.92% of its cash flow as dividends.

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NOC Dividend Payments by Quarter

The chart below displays up to four years of Northrop Grumman's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

NOC Dividend Yield Over Time

The chart below tracks Northrop Grumman's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Northrop Grumman vs. The Competition

Compare Northrop Grumman's annual dividend, yield, and 3-year growth rate with averages for Aerospace and NYSE companies to evaluate its performance against the market.

TypeNorthrop GrummanAerospace CompaniesNYSE Companies
Annual Dividend$8.24$0.02$1.39
Dividend Yield1.75%1.29%3.58%
Annualized 3-Year Dividend Growth8.99%13.21%15.78%
Track Record21 years19 years24 years

Northrop Grumman Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings51.05%
Based on This Year's Estimate31.78%
Based on Next Year's Estimate29.66%
Based on Cashflow25.92%

Northrop Grumman Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
11/20/2024quarterly$2.06 - 1.7%12/2/202412/2/202412/18/2024
8/21/2024quarterly$2.06 - 1.6%9/3/20249/3/20249/18/2024
5/14/2024quarterly$2.06+$0.19
10.16%
1.6%5/24/20245/28/20246/12/2024
2/13/2024quarterly$1.87 - 1.68%2/23/20242/26/20243/13/2024
11/15/2023quarterly$1.87 - 1.61%11/24/202311/27/202312/13/2023
8/16/2023quarterly$1.87 - 1.75%8/25/20238/28/20239/13/2023
5/16/2023Quarterly$1.87+$0.14
8.09%
1.67%5/26/20235/30/20236/14/2023
2/16/2023quarterly$1.73 - 1.49%2/24/20232/27/20233/15/2023

This table shows Northrop Grumman's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Northrop Grumman Dividend - Frequently Asked Questions

The current dividend yield for Northrop Grumman is 1.75%. Learn more on NOC's dividend yield history.

The annual dividend for NOC shares is $8.24. Learn more on NOC's annual dividend history.

Northrop Grumman pays quarterly dividends to shareholders.

Northrop Grumman's most recent quarterly dividend payment of $2.06 per share was made to shareholders on Wednesday, December 18, 2024.

Northrop Grumman's most recent ex-dividend date was Monday, December 2, 2024.

Over the past three years, the company's dividend has grown by an average of 8.99% per year.

Northrop Grumman has increased its dividend for the past 21 consecutive years.

The most recent change in the company's dividend was an increase of $0.19 on Tuesday, May 14, 2024.

The dividend payout ratio for NOC is:
  • 51.05% based on the trailing year of earnings
  • 31.78% based on this year's estimates
  • 29.66% based on next year's estimates
  • 25.92% based on cash flow

Northrop Grumman's dividend yield of 1.72% is higher than the average Aerospace company that issues a dividend. The company's 21 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. Northrop Grumman's dividend payout ratio of 51.05% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate Northrop Grumman stock as a Hold, forecasting limited upside or downside, with the stock seen as fairly valued at this time.


This page (NYSE:NOC) was last updated on 12/21/2024 by MarketBeat.com Staff
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