Northrop Grumman Corporation (NOC) To Go Ex-Dividend on June 1st

Northrop Grumman Corporation (NYSE:NOC – Get Free Report) announced a quarterly dividend on Tuesday, May 19th. Shareholders of record on Monday, June 1st will be paid a dividend of 2.47 per share by the aerospace company on Wednesday, June 17th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st. This is a 6.9% increase from Northrop Grumman’s previous quarterly dividend of $2.31.

Northrop Grumman has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 22 consecutive years. Northrop Grumman has a payout ratio of 34.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Northrop Grumman to earn $30.20 per share next year, which means the company should continue to be able to cover its $9.88 annual dividend with an expected future payout ratio of 32.7%.

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Northrop Grumman Trading Up 0.6%

Shares of NOC stock opened at $562.67 on Friday. The firm has a market capitalization of $79.92 billion, a PE ratio of 17.61, a PEG ratio of 3.81 and a beta of -0.11. The stock has a fifty day simple moving average of $619.26 and a two-hundred day simple moving average of $631.86. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.04 and a current ratio of 1.15. Northrop Grumman has a 52-week low of $468.50 and a 52-week high of $774.00.

Northrop Grumman (NYSE:NOC – Get Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share for the quarter, beating analysts’ consensus estimates of $6.06 by $0.08. The firm had revenue of $9.88 billion during the quarter, compared to analyst estimates of $9.75 billion. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, analysts predict that Northrop Grumman will post 27.93 EPS for the current fiscal year.

About Northrop Grumman

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Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.

The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.

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