EX-Dividend Schedule: Northrop Grumman Raised its Dividend By 9%; Will Trade Ex-Dividend on June 01, 2018

LONDON, UK / ACCESSWIRE / May 31, 2018 / 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 June 01, 2018. 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 May 31, 2018. 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 May 15, 2018, Northrop Grumman’s Board of Directors declared a quarterly dividend of $1.20 per share on Northrop Grumman’s common stock, a 9% increase from the prior quarterly dividend of $1.10 per share. The dividend is payable June 20, 2018, to shareholders of record as of the close of business June 04, 2018.

Northrop Grumman’s indicated dividend represents a yield of 1.45%, which is substantially higher than the average dividend yield of 1.14% for the Industrial Goods sector. The Company has raised dividend for 10 years in a row.

Dividend Insights

Northrop Grumman has a dividend payout ratio of 30.2%, 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 $17.42 per share for the next year, which is more than three times higher compared to the Company’s annualized dividend of $4.80 per share.

As of March 31, 2018, Northrop Grumman had approximately $10.37 billion in cash and cash equivalents compared to December 31, 2017, when the Company had $11.23 billion in cash and cash equivalents. The Company’s cash used in operating activities totaled $237 million in Q1 2018 compared to $439 million used in the prior year’s same period. Northrop Grumman’s net use of cash during Q1 2018 was consistent with the Company’s historical timing of operating cash flows, which are generally more heavily weighted toward the second half of the fiscal year. The Company’s financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

About Northrop Grumman Corp.

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.

Northrop Grumman was founded in 1939 and is based in Falls Church, Virginia.

Stock Performance Snapshot

May 30, 2018 – At Wednesday’s closing bell, Northrop Grumman’s stock climbed 1.56%, ending the trading session at $331.57.

Volume traded for the day: 733.10 thousand shares.

Stock performance in the last month – up 2.96%; previous six-month period – up 9.20%; past twelve-month period – up 29.41%; and year-to-date – up 8.03%

After yesterday’s close, Northrop Grumman’s market cap was at $57.98 billion.

Price to Earnings (P/E) ratio was at 24.10.

The stock has a dividend yield of 1.45%.

The stock is part of the Industrial Goods sector, categorized under the Aerospace/Defense – Major Diversified industry. This sector was up 1.1% at the end of the session.

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