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Thursday, May 16, 2024

Northrop Grumman Dividend Increase

Northrop Grumman (NOC) increased its quarterly dividend by 10.16%, from $1.87 to $2.06 per share.

The dividend will be paid on 12 June to shareholders of record on 28 May. The ex-dividend date is 24 May.

NOC's contribution to DivGro's projected annual dividend income will increase by $30.40 to $329.60.

I own 40 shares of NOC at an average cost basis of $326.49 per share. Following this increase, my yield on cost is 2.52%. (NOC's forward yield is 1.75% at $469.65 per share). 

Since I opened my NOC position in February 2021, the stock has produced annualized total returns of 16%, including $841.70 in dividend income. 

5-Year History of Dividend Payouts by Ex-Date
5-year DGR:9.33%9.30%

projected, assuming no further changes

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