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Business/Financial

Northrop Grumman Boosts Dividend

By Cal Biesecker

Wednesday, May 20th, 2015

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Northrop Grumman Boosts Dividend

Northrop Grumman Chairman and CEO Wes Bush. Photo: Northrop Grumman

Northrop Grumman [NOC] on Wednesday announced a 14 percent hike in its quarterly dividend to 80 cents per share, marking the 12th year in a row the company has boosted its common stock dividend.The dividend increase is payable June 17. The current dividend is 70 cents per share.The dividend increase is part of the company’s strategy to return cash to shareholders.“We continue to execute a capital deployment strategy that calls for returning cash to shareholders through a competitive dividend and…

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