Northrop Grumman Increases Dividend by 10%
By Mary de Wet
Northrop Grumman increased its quarterly dividend by 10%.
The aerospace and defense-technology company will pay $2.06 a share on June 12 to shareholders of record as of May 28.
The new payout, equal to $8.24, represents an annual yield of 1.7% based on Tuesday's closing price of $474.07.
Northrop Grumman said the boost was its 21st consecutive annual increase to its dividend.
Write to Mary de Wet at mary.dewet@dowjones.com
(END) Dow Jones Newswires
May 14, 2024 18:01 ET (22:01 GMT)
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