Northrop Grumman Increases Quarterly Dividend 10 Percent to $1.45

Rhea-AI Summary

Northrop Grumman Corporation (NYSE: NOC) declared a quarterly dividend of $1.45 per share, payable on June 17, 2020, to shareholders of record as of June 1, 2020. CEO Kathy Warden emphasized the company's commitment to employee well-being and maintaining national security solutions amid the COVID-19 pandemic. The company is focused on a balanced capital deployment strategy, which includes investments and competitive dividends for shareholders. Northrop Grumman employs approximately 90,000 professionals dedicated to solving complex challenges in various sectors.

Positive

• Quarterly dividend of $1.45 per share enhances shareholder income.
• Ongoing commitment to national security solutions amidst COVID-19.
• Balanced capital deployment strategy indicates company confidence.

Negative

• None.

FALLS CHURCH, Va., May 19, 2020 (GLOBE NEWSWIRE) -- The board of directors of Northrop Grumman Corporation (NYSE: NOC) declared a quarterly dividend of $1.45 per share on Northrop Grumman common stock, payable June 17, 2020, to shareholders of record as of the close of business June 1, 2020.

“Our focus during the COVID-19 pandemic is on maintaining the health and well-being of our employees and delivering national security solutions for our customers. We also continue to execute a balanced capital deployment strategy that calls for investments in our business and a competitive dividend for shareholders,” said Kathy Warden, chairman, chief executive officer and president.

Northrop Grumman solves the toughest problems in space, aeronautics, defense and cyberspace to meet the ever evolving needs of our customers worldwide. Our 90,000 employees define possible every day using science, technology and engineering to create and deliver advanced systems, products and services.

Contact:
Tim Paynter (Media)
703-280-2720 (office)
timothy.paynter@ngc.com

Todd Ernst (Investors)
703-280-4535 (office)
todd.ernst@ngc.com

FAQ

What is the dividend amount declared by Northrop Grumman (NOC) in May 2020?

Northrop Grumman declared a dividend of $1.45 per share.

When will the dividend for NOC be paid?

The dividend will be paid on June 17, 2020.

What is the record date for Northrop Grumman's dividend?

The record date is June 1, 2020.

What does Northrop Grumman's capital deployment strategy include?

It includes investments in the business and competitive dividends for shareholders.