On May 19, Northrop Grumman (NOC) increased its dividend by 6.93%, from $2.31 to $2.47 per share.
The dividend is payable on June 17 to shareholders of record on June 1.
NOC's contribution to DivGro's projected annual dividend income will increase by $14.72 to $227.24.
Created by the author
I own 23 shares of NOC at an average cost basis of $444.79/share. Following this increase, my yield on cost is 2.22% (the stock's forward yield is 1.66% at $555.58/share).
Since I opened my position in May 2020, the stock has delivered a total return of 29%, including dividends of $396.10. That's a splendid annualized rate of return of 14.3%!
NOC became DivGro's 58th Home Run stock in October 2025, when it doubled my original capital outlay.
| 2021 | 2022 | 2023 | 2024 | 2025 | • | 2026 |
| $6.160 | $6.760 | $7.340 | $8.050 | $8.990 | ⬆ | $9.720✝ |
| - | 9.74% | 8.58% | 9.67% | 11.68% | ⬇ | 8.12% |
| 5-year DGR: | 9.66% | ⬇ | 9.55% | |||
✝projected, assuming no further changes
Created by the author
My quality model assigns NOC a quality score of 7.1. Simply Safe Dividends rates NOC's dividend as Very Safe with a Dividend Safety Score of 90, the top tier of their five-band scale, and Seeking Alpha assigns NOC a dividend grade of A+.
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