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Northrop Grumman Boosts Dividend

Northrop Grumman [NOC] yesterday said it would boost its quarterly stock dividend by just over 9 percent to 47 cents per share, payable to shareholders of record at the close of business on June 1. The dividend hike marks the seventh consecutive annual increase in the company's quarterly dividend. Northrop Grumman expects free cash flow this year between $1.7 billion and $2.2 billion.

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