Northrop Grumman Co. (NYSE:NOC – Get Rating) announced a quarterly dividend on Wednesday, November 16th, RTT News reports. Shareholders of record on Monday, November 28th will be given a dividend of 1.73 per share by the aerospace company on Wednesday, December 14th. This represents a $6.92 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Friday, November 25th.
Northrop Grumman has raised its dividend payment by an average of 9.4% annually over the last three years and has increased its dividend every year for the last 18 years. Northrop Grumman has a dividend payout ratio of 29.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Northrop Grumman to earn $22.88 per share next year, which means the company should continue to be able to cover its $6.92 annual dividend with an expected future payout ratio of 30.2%.
Northrop Grumman Price Performance
NOC stock opened at $522.34 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.14 and a quick ratio of 1.05. The firm has a market capitalization of $80.39 billion, a P/E ratio of 14.84, a P/E/G ratio of 7.44 and a beta of 0.64. The business’s 50-day moving average is $505.21 and its two-hundred day moving average is $481.90. Northrop Grumman has a 1 year low of $345.91 and a 1 year high of $556.27.
Analyst Ratings Changes
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. IHT Wealth Management LLC grew its stake in Northrop Grumman by 1.6% during the 1st quarter. IHT Wealth Management LLC now owns 1,371 shares of the aerospace company’s stock worth $613,000 after buying an additional 22 shares during the last quarter. Williams Jones Wealth Management LLC. grew its stake in shares of Northrop Grumman by 3.2% in the 1st quarter. Williams Jones Wealth Management LLC. now owns 912 shares of the aerospace company’s stock valued at $408,000 after purchasing an additional 28 shares during the last quarter. KB Financial Partners LLC grew its stake in shares of Northrop Grumman by 2.8% in the 1st quarter. KB Financial Partners LLC now owns 1,680 shares of the aerospace company’s stock valued at $751,000 after purchasing an additional 46 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Northrop Grumman by 6.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,393 shares of the aerospace company’s stock valued at $623,000 after purchasing an additional 84 shares during the last quarter. Finally, Signet Financial Management LLC grew its stake in shares of Northrop Grumman by 1.3% in the 1st quarter. Signet Financial Management LLC now owns 7,703 shares of the aerospace company’s stock valued at $3,445,000 after purchasing an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 83.91% of the company’s stock.
About Northrop Grumman
Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.
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