Northrop Grumman Co. (NOC) to Distribute Quarterly Dividend of $1.45 on December 16th

Northrop Grumman Co. (NYSE:NOC) declared a quarterly dividend on Wednesday, November 18th, RTT News reports. Shareholders of record on Monday, November 30th will be paid a dividend of 1.45 per share by the aerospace company on Wednesday, December 16th. This represents a $5.80 dividend on an annualized basis and a yield of 1.87%.

Northrop Grumman has raised its dividend by 47.4% over the last three years and has increased its dividend every year for the last 12 years.

Shares of NYSE NOC opened at $309.48 on Friday. The firm has a market capitalization of $51.60 billion, a P/E ratio of 21.17 and a beta of 0.79. The company has a quick ratio of 1.36, a current ratio of 1.44 and a debt-to-equity ratio of 1.36. The stock’s 50-day simple moving average is $308.67 and its two-hundred day simple moving average is $321.16. Northrop Grumman has a twelve month low of $263.31 and a twelve month high of $385.01.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Thursday, October 22nd. The aerospace company reported $5.89 earnings per share for the quarter, topping analysts’ consensus estimates of $5.60 by $0.29. The business had revenue of $9.08 billion for the quarter, compared to analyst estimates of $8.85 billion. Northrop Grumman had a return on equity of 40.02% and a net margin of 6.94%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $5.49 EPS. As a group, research analysts anticipate that Northrop Grumman will post 22.67 EPS for the current fiscal year.

A number of brokerages have weighed in on NOC. Morgan Stanley began coverage on Northrop Grumman in a research note on Tuesday, September 8th. They issued an “overweight” rating and a $470.00 target price on the stock. Royal Bank of Canada upgraded Northrop Grumman from a “sector perform” rating to an “outperform” rating and set a $391.00 price objective on the stock in a research report on Tuesday, October 6th. Credit Suisse Group reduced their price objective on Northrop Grumman from $400.00 to $390.00 in a research report on Tuesday, October 13th. ValuEngine lowered Northrop Grumman from a “hold” rating to a “sell” rating in a research report on Thursday, October 1st. Finally, Zacks Investment Research lowered Northrop Grumman from a “hold” rating to a “sell” rating and set a $320.00 price objective on the stock. in a research report on Wednesday, October 28th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. Northrop Grumman has a consensus rating of “Hold” and an average price target of $390.73.

About Northrop Grumman

Northrop Grumman Corporation operates as a security company. It provides various systems, products, and solutions in autonomous systems, cyber, space, strike, and logistics and modernization, as well as in command, control, communications and computers, intelligence, surveillance, and reconnaissance (C4ISR) to customers in the United States and internationally.

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Dividend History for Northrop Grumman (NYSE:NOC)

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