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Northrop Grumman Increases Dividend by 10%

Provided by Dow Jones

May 14, 2024 10:01pm

By Mary de Wet

Northrop Grumman increased its quarterly dividend by 10%.

The aerospace and defense-technology company will pay $2.06 a share on June 12 to shareholders of record as of May 28.

The new payout, equal to $8.24, represents an annual yield of 1.7% based on Tuesday's closing price of $474.07.

Northrop Grumman said the boost was its 21st consecutive annual increase to its dividend.

Write to Mary de Wet at mary.dewet@dowjones.com

(END) Dow Jones Newswires

May 14, 2024 18:01 ET (22:01 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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