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
| 2019 | 2020 | 2021 | 2022 | 2023 | • | 2024 |
| $5.160 | $5.670 | $6.160 | $6.760 | $7.340 | ⬆ | $8.050✝ |
| 5.16% | 5.67% | 6.16% | 6.76% | 7.34% | ⬆ | 8.05% |
| 5-year DGR: | 9.33% | ⬇ | 9.30% | |||
✝projected, assuming no further changes
