Northrop Grumman Increases Quarterly Dividend 10 Percent to $1.73
Rhea-AI Summary
On May 17, 2022, Northrop Grumman Corporation (NYSE: NOC) announced a quarterly dividend of $1.73 per share, payable on June 15, 2022, to shareholders on record as of May 31, 2022. This marks a 10% increase from the previous dividend and the 19th consecutive annual increase. CEO Kathy Warden emphasized the company’s commitment to capital deployment, supporting growth and providing competitive returns to shareholders.
Positive
- Quarterly dividend increased by 10%, now at $1.73 per share.
- 19th consecutive annual dividend increase highlights shareholder value.
Negative
- None.
News Market Reaction – NOC
In the trading session that priced this news, NOC declined 0.96%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FALLS CHURCH, Va., May 17, 2022 (GLOBE NEWSWIRE) -- The board of directors of Northrop Grumman Corporation (NYSE: NOC) declared a quarterly dividend of
“Northrop Grumman remains focused on deploying our capital in value-creating ways for our customers and investors,” said Kathy Warden, chair, chief executive officer and president. “We are investing in our business to support our growth and we continue to provide a competitive return of capital to shareholders. This includes today’s 10 percent increase to our dividend, which represents the 19th consecutive annual increase.”
Northrop Grumman is a technology company, focused on global security and human discovery. Our pioneering solutions equip our customers with capabilities they need to connect, advance and protect the U.S. and its allies. Driven by a shared purpose to solve our customers’ toughest problems, our 90,000 employees define possible every day.
Contact:
Vic Beck (Media)
703-280-4456 (office)
vic.beck@ngc.com
Todd Ernst (Investors)
703-280-4535 (office)
todd.ernst@ngc.com
