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Business/Financial

Northrop Grumman Increases Dividend Again This Year

By Cal Biesecker

Wednesday, May 16th, 2018

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Northrop Grumman Increases Dividend Again This Year

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

For the second time this year, Northrop Grumman [NOC] on Tuesday said it will boost its stock dividend payment as part of its capital deployment strategy.The company announced a 10 cent per share increase in its quarterly dividend payment to shareholders to $1.20 per share. The 9 percent increase, which is effective in June, follows a 10 cent hike to the quarterly shareholder payment that the company announced in January and made effective in March.The off-cycle dividend increase announced in…

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