Northrop Grumman Increases Quarterly Dividend 8 Percent to $1.57

Rhea-AI Summary

Northrop Grumman Corporation (NYSE: NOC) has declared a quarterly dividend of $1.57 per share on common stock, payable on June 16, 2021, to shareholders of record as of June 1, 2021. Kathy Warden, CEO, emphasized the company's commitment to a balanced capital deployment strategy, combining robust business investments and competitive dividends. Northrop Grumman addresses complex challenges in space, aeronautics, defense, and cyberspace, leveraging the expertise of its 90,000 employees to deliver advanced systems and services.

Positive

• Declaration of a quarterly dividend of $1.57 per share, reinforcing shareholder returns.
• CEO's confidence in creating value for shareholders through robust investments.
• Strong workforce of 90,000 employees dedicated to addressing complex global challenges.

Negative

• None.

FALLS CHURCH, Va., May 18, 2021 (GLOBE NEWSWIRE) -- The board of directors of Northrop Grumman Corporation (NYSE: NOC) declared a quarterly dividend of $1.57 per share on Northrop Grumman common stock, payable June 16, 2021, to shareholders of record as of the close of business June 1, 2021.

“Northrop Grumman continues to execute a balanced capital deployment strategy with robust investments in our business and a competitive dividend for our shareholders,” said Kathy Warden, chairman, chief executive officer and president. “We are confident in our ability to continue creating shareholder value as we perform on our customers’ missions.”

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: Vic Beck (Media)
703-280-4456 (office)
vic.beck@ngc.com

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

FAQ

What is the dividend amount declared by Northrop Grumman?

Northrop Grumman declared a quarterly dividend of $1.57 per share.

When is the dividend payment date for Northrop Grumman?

The dividend payment date is June 16, 2021.

Who is eligible for the dividend payment from Northrop Grumman?

Shareholders of record as of June 1, 2021, are eligible for the dividend payment.

How many employees does Northrop Grumman have?

Northrop Grumman has approximately 90,000 employees.