Northrop Grumman Increases Dividend 11%
Aerospace defense contractor Northrop Grumman announced yesterday it is increasing its second-quarter dividend payment by 11%, raising the payout to $0.61 per share from $0.55 per share.
The board of directors said the quarterly dividend is payable on June 12 to the holders of record at the close of business on May 28. Grumman has increased its payout annual for 10 consecutive years.
The regular dividend payment equates to a $2.44-per-share annual dividend yielding 3.1% based on the closing price of Northrop Grumman's stock on May 15.
The article Northrop Grumman Increases Dividend 11% originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool owns shares of Northrop Grumman. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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