HII Increases Quarterly Dividend to $1.35 per Share

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

HII (NYSE: HII) has announced a quarterly dividend increase of $0.05, raising the payment to $1.35 per share from the previous $1.30. The dividend will be paid on December 13, 2024, to shareholders of record as of November 29, 2024. This increase represents the company's commitment to delivering shareholder value through consistent dividend payments.

Positive

Dividend increased by 3.8% from $1.30 to $1.35 per share
Demonstrates financial strength and commitment to shareholder returns
Maintains consistent quarterly dividend payment schedule

Negative

None.

News Market Reaction 1 Alert

-1.29% News Effect

On the day this news was published, HII declined 1.29%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

10/30/2024 - 08:15 AM

NEWPORT NEWS, Va., Oct. 30, 2024 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Board of Directors has declared a quarterly cash dividend of $1.35 per share, a $0.05 increase over the $1.30 per share dividend paid in each of the prior four quarters. The $1.35 per share dividend will be payable on Dec. 13, 2024, to shareholders of record as of the close of business on Nov. 29, 2024.

About HII

HII is a global, all-domain defense provider. HII’s mission is to deliver the world’s most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world.

As the nation’s largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit: