NOC Northrop Grumman dividend history, payout ratio & dates
Northrop Grumman's latest cash dividend of $2.06 per share was issued to shareholders on record before Sep 3, 2024. The dividend distribution stands at $7.86 per share annually, which comes to a dividend yield of 1.58%.
Key dates
- NOC last dividend date: Sep 3, 2024
NOC dividend stats
vs. Industrials sector
Dividend yield
NOC has a dividend yield of 1.58% which is above the Industrials sector and the industry average. Compared to its Industrials sector average of 1.36%, Northrop Grumman's dividend yield is 16% higher. Historically NOC's dividend yield has averaged at 1.6% in the last 5 years, which is similar to the current yield.
Dividend history
Northrop Grumman has been paying dividends for the last 32 years. Our records show that NOC has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 9% since twelve months ago. And with the price of the stock up by 5% from a year ago, the dividend yield has an increase of 3.4%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Sep 3, 2024 | $2.06 | 1.5% |
| May 24, 2024 | $2.06 | 1.64% |
| Feb 23, 2024 | $1.87 | 1.62% |
| Nov 24, 2023 | $1.87 | 1.56% |
| Aug 25, 2023 | $1.87 | 1.68% |
| May 26, 2023 | $1.87 | 1.61% |
| Feb 24, 2023 | $1.73 | 1.47% |
| Nov 25, 2022 | $1.73 | 1.28% |
| Aug 26, 2022 | $1.73 | 1.36% |
| May 27, 2022 | $1.73 | 1.37% |
| Feb 25, 2022 | $1.57 | 1.53% |
| Nov 26, 2021 | $1.57 | 1.74% |
| Aug 27, 2021 | $1.57 | 1.66% |
| May 28, 2021 | $1.57 | 1.62% |
| Feb 26, 2021 | $1.45 | 1.99% |
| Nov 27, 2020 | $1.45 | 1.85% |
| Aug 28, 2020 | $1.45 | 1.61% |
| May 29, 2020 | $1.45 | 1.61% |
| Feb 21, 2020 | $1.32 | 1.45% |
| Nov 29, 2019 | $1.32 | 1.47% |
| Sep 6, 2019 | $1.32 | 1.37% |
| May 31, 2019 | $1.32 | 1.62% |
| Feb 22, 2019 | $1.2 | 1.66% |
| Nov 30, 2018 | $1.2 | 1.81% |
| Aug 24, 2018 | $1.2 | 1.51% |
| Jun 1, 2018 | $1.2 | 1.3% |
| Mar 2, 2018 | $1.1 | 1.2% |
| Dec 1, 2017 | $1 | 1.3% |
| Aug 24, 2017 | $1 | 1.42% |
| Jun 1, 2017 | $1 | 1.44% |
| Mar 2, 2017 | $0.9 | 1.48% |
| Dec 1, 2016 | $0.9 | 1.41% |
| Aug 25, 2016 | $0.9 | 1.59% |
| Jun 2, 2016 | $0.9 | 1.55% |
| Feb 25, 2016 | $0.8 | 1.66% |
| Nov 25, 2015 | $0.8 | 1.65% |
| Aug 27, 2015 | $0.8 | 1.8% |
| May 28, 2015 | $0.8 | 1.81% |
| Feb 26, 2015 | $0.7 | 1.68% |
Northrop Grumman dividend payout ratio
Payout ratio
NOC has a payout ratio of 48.4% which is higher than the Industrials sector and the industry average. In comparison with the Industrials sector average of 32.7%, Northrop Grumman's payout ratio is 48% higher.
Total amount of dividends paid per financial year (from cash flow)
NOC dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| LMT Lockheed Martin Corp | 2.32% | $12.6 | 45.4% |
| GD General Dynamics Corp | 1.99% | $5.58 | 42% |
| NOC Northrop Grumman Corp | 1.58% | $7.86 | 48.4% |
Frequently asked questions
Does Northrop Grumman pay a dividend?
Yes, Northrop Grumman has paid four dividends in the last twelve months. NOC has been paying dividends since 1992.
When was NOC's last dividend?
Northrop Grumman's last dividend ex-date was on Sep 3, 2024. The dividend amount was $2.06 per share.
How much dividend does Northrop Grumman pay (per share)?
On an annual basis NOC pays $7.86 per share.
What is Northrop Grumman's dividend yield?
Northrop Grumman's current dividend yield is 1.58%.
How often does Northrop Grumman pay dividends?
Northrop Grumman pays dividends quarterly.
What is Northrop Grumman's dividend payout ratio?
Northrop Grumman's dividend payout ratio is 48.4%.
Does Northrop Grumman pay a good dividend?
Northrop Grumman's dividend yield is above the Industrials sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.