EX-Dividend Schedule: Northrop Grumman Has an Annualized Dividend Payout of $4.00; Will Trade Ex-Dividend on December 01, 2017

LONDON, UK / ACCESSWIRE / November 30, 2017 / Active-Investors has a free review on Northrop Grumman Corp. (NYSE: NOC) following the Company’s announcement that it will begin trading ex-dividend on December 01, 2017. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on November 30, 2017. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on NOC:

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Dividend Declared

On November 15, 2017, Northrop Grumman’s Board of Directors declared a quarterly dividend of $1.00 per share on Northrop Grumman’s common stock, payable December 20, 2017, to shareholders of record as of the close of business December 04, 2017.

Northrop Grumman’s indicated dividend represents a yield of 1.32%, which is substantially higher compared to the average dividend yield of 1.17% for the Industrial Goods sector. The Company has raised dividend for nine consecutive years.

Dividend Insights

Northrop Grumman has a dividend payout ratio of 30.3%, which means that the Company spends approximately $0.30 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, Northrop Grumman is forecasted to report earnings of $13.35 for the next year, which is more than three times its annualized dividend of $4.00 per share.

As of September 30, 2017, Northrop Grumman’s cash and cash equivalents totaled $1.88 billion compared to $2.54 billion as on December 31, 2016. The Company’s Q3 2017 cash provided by operating activities totaled $938 million compared to $738 million provided in Q3 2016. Northrop Grumman’s Q3 2017 free cash flow was $721 million. Year-to-date through September 30, 2017, the Company’s cash provided by operating activities totaled $1 billion and free cash flow was $356 million. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development for Northrop Grumman

On October 25, 2017, Northrop Grumman reported Q3 2017 sales increased 6% to $6.5 billion from $6.2 billion in Q3 2016. The Company’s reported quarter net earnings advanced 7% to $645 million from $602 million in the prior year’s corresponding period.

Northrop Grumman’s Q3 2017 diluted earnings per share surged 10% to $3.68 from $3.35 in Q3 2016. The Company’s reported quarter diluted earnings per share were based on 175.3 million weighted average diluted shares outstanding compared to 179.6 million in the prior year’s same period; a 2% drop.

About Northrop Grumman

Northrop Grumman is a leading global security Company providing innovative systems, products, and solutions in autonomous systems, cyber, C4ISR, strike, and logistics and modernization to customers worldwide.

Stock Performance Snapshot

November 29, 2017 – At Wednesday’s closing bell, Northrop Grumman’s stock slightly fell 0.39%, ending the trading session at $306.69.

Volume traded for the day: 784.72 thousand shares, which was above the 3-month average volume of 667.80 thousand shares.

Stock performance in the last month – up 3.48%; previous three-month period – up 13.17%; past twelve-month period – up 21.80%; and year-to-date – up 31.86%

After yesterday’s close, Northrop Grumman’s market cap was at $53.27 billion.

Price to Earnings (P/E) ratio was at 22.86.

The stock has a dividend yield of 1.30%.

The stock is part of the Industrial Goods sector, categorized under the Aerospace/Defense – Major Diversified industry. This sector was up 0.2% at the end of the session.

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