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Northrop Grumman Boosting Dividend

Cal Biesecker By
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Northrop Grumman Boosting Dividend
Northrop Grumman Chairman and CEO Wes Bush. Photo: Northrop Grumman

Expecting a strong year for cash flow, Northrop Grumman [NOC] on Wednesday said it will increases its quarterly stock dividend by 15 percent. The increase to 70 cents per share from the current rate of 61 cents is payable on June 18 and marks the 11th straight year the company has increased its quarterly stock dividend. “Today’s dividend increase is consistent with our approach of maintaining a competitive payout ratio as we reduce our share count to achieve the repurchase…

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