Huntington Ingalls Industries Increases Quarterly Dividend to $1.14 per Share

Rhea-AI Summary

Huntington Ingalls Industries (HII) has announced a quarterly cash dividend of $1.14 per share, marking an increase of $0.11 from the previous dividend of $1.03. This dividend is set to be paid on December 11, 2020, to shareholders on record as of November 27, 2020. HII is the largest military shipbuilding company in the U.S., employing over 42,000 individuals across various divisions.

Positive

• Increase in quarterly cash dividend from $1.03 to $1.14 per share, reflecting company confidence.
• Healthy dividend payout, attracting income-focused investors.

Negative

• None.

News Market Reaction – HII

-3.94%

-3.94% Session move

In the trading session that priced this news, HII declined 3.94%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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NEWPORT NEWS, Va., Nov. 03, 2020 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE:HII) announced today that its Board of Directors has declared a quarterly cash dividend of $1.14 per share, an $0.11 increase over the $1.03 per share dividend paid in each of the prior four quarters. The $1.14 per share dividend will be payable on Dec. 11, 2020, to shareholders of record as of the close of business on Nov. 27, 2020.

Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of professional services to partners in government and industry. For more than a century, HII’s Newport News and Ingalls shipbuilding divisions in Virginia and Mississippi have built more ships in more ship classes than any other U.S. naval shipbuilder. HII’s Technical Solutions division supports national security missions around the globe with unmanned systems, defense and federal solutions, and nuclear and environmental services. Headquartered in Newport News, Virginia, HII employs more than 42,000 people operating both domestically and internationally. For more information, visit:

• HII on the web: www.huntingtoningalls.com
• HII on Facebook: www.facebook.com/HuntingtonIngallsIndustries
• HII on Twitter: twitter.com/hiindustries
• HII on YouTube: www.youtube.com/huntingtoningalls
• HII on Instagram: www.instagram.com/huntingtoningalls
  

Contact:

Jerri Fuller Dickseski (Media)
jerri.dickseski@hii-co.com 
757-380-2341

Dwayne Blake (Investors)
dwayne.blake@hii-co.com 
757-380-2104

FAQ

What is the latest dividend announced by Huntington Ingalls Industries (HII)?

Huntington Ingalls Industries announced a quarterly cash dividend of $1.14 per share.

When will the dividend for HII be paid?

The dividend will be paid on December 11, 2020.

What was the previous dividend amount for HII?

The previous dividend amount was $1.03 per share.

Who is eligible to receive the HII dividend?

Shareholders of record as of November 27, 2020, are eligible to receive the dividend.