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Northrop Grumman Hikes Dividend

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

Northrop Grumman [NOC] on Tuesday said it would increase its quarterly dividend to 90 cents per share, a nearly 13 percent hike over the current 80 cents per share payment and the 13th straight year the company has boosted its dividend.“Today’s dividend increase demonstrates our commitment to maintaining a competitive dividend as a core element of our capital deployment strategy,” Wes Bush, chairman, president and CEO of Northrop Grumman, said in a statement.Northrop Grumman’s top priority for its cash flow…

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