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Northrop Grumman (Northrop Grumman) 3-Year Dividend Growth Rate

: 9.00% (As of Dec. 2023)
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Northrop Grumman's Dividends per Share for the three months ended in Dec. 2023 was $1.87.

The historical rank and industry rank for Northrop Grumman's 3-Year Dividend Growth Rate or its related term are showing as below:

NOC' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -7.2   Med: 10.1   Max: 18.6
Current: 9

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Northrop Grumman was 18.60% per year. The lowest was -7.20% per year. And the median was 10.10% per year.

NOC's 3-Year Dividend Growth Rate is ranked worse than
50.65% of 77 companies
in the Aerospace & Defense industry
Industry Median: 9 vs NOC: 9.00

During the past 12 months, Northrop Grumman's average Dividends Per Share Growth Rate was 8.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 9.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 9.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 12.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Northrop Grumman's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.00. As of today, Northrop Grumman's Dividend Yield % is 1.59%.

Good Sign:

Northrop Grumman Corp stock dividend yield is close to 3-year high.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Aerospace & Defense subindustry, Northrop Grumman's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Northrop Grumman 3-Year Dividend Growth Rate Distribution

For the Aerospace & Defense industry and Industrials sector, Northrop Grumman's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Northrop Grumman's 3-Year Dividend Growth Rate falls into.



Northrop Grumman 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Northrop Grumman  (NYSE:NOC) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Northrop Grumman's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=1.87/ -3.5
=N/A

During the past 13 years, the highest Dividend Payout Ratio of Northrop Grumman was 0.54. The lowest was 0.22. And the median was 0.25.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Northrop Grumman Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 1.8702024-02-232024-02-262024-03-13Cash DividendquarterlyUSD:USD 1.000000
USD 1.8702023-11-242023-11-272023-12-13Cash DividendquarterlyUSD:USD 1.000000
USD 1.8702023-08-252023-08-282023-09-13Cash DividendquarterlyUSD:USD 1.000000
USD 1.8702023-05-262023-05-302023-06-14Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Northrop Grumman's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=7.48/474.68
=1.58 %

Current Share Price is $474.68.
Northrop Grumman's Dividends per Share for the trailing twelve months (TTM) ended in Today is $7.48.

During the past 13 years, the highest Dividend Yield of Northrop Grumman was 2.86%. The lowest was 1.10%. And the median was 1.58%.

Good Sign:

Northrop Grumman Corp stock dividend yield is close to 3-year high.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Northrop Grumman 3-Year Dividend Growth Rate Related Terms>


Northrop Grumman (Northrop Grumman) Business Description

Address
2980 Fairview Park Drive, Falls Church, VA, USA, 22042
Northrop Grumman is a diversified defense contractor providing aeronautics, defense, mission, and space systems. The company's aerospace segment creates the fuselage for the massive F-35 program and produces autonomous and piloted aircraft such as Global Hawk drones and the new B-21 bomber. Defense systems makes artillery and missile ammunition and guidance systems, missile defense systems, and conducts maintenance and upgrades on numerous military aircraft. Mission systems creates and integrates a variety of radar, navigation, and communication systems for avionics, weapons control, and countermeasures on a range of platforms from helicopters to destroyers. Finally, space systems produces satellites, sensors, space structures, and manufactures long-range missiles and rocket motors.
Executives
Mark A Caylor officer: Corp VP & Pres ESS 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Kathryn G Simpson officer: Corp VP & General Counsel 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Robert J. Fleming officer: CVP and Pres. Space Systems 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Roshan S Roeder officer: CVP & Pres. Defense Systems 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Mary A Winston director 557 BROADWAY, C/O SCHOLASTIC CORP, NEW YORK NY 10012
Kimberly A. Ross director C/O AVON PRODUCTS,INC., 1345 AVENUE OF THE AMERICAS`, NEW YORK NY 10105-0196
David T Perry officer: CVP Chief Global Bus Dev Off 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Lucy C Ryan officer: Corp VP, Communications 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Michael A Hardesty officer: Corp VP, Controller & CAO 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Thomas H Jones officer: CVP & Pres Aeronautics Systems 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Mary D Petryszyn officer: CVP, Pres, Defense Systems 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Sheila C. Cheston officer: Corp. VP & General Counsel C/O NORTHROP GRUMMAN CORPORATION, 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Stephen F. O'bryan officer: CVP Global Bus Dev Officer 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Arvind Krishna director IBM CORPORATION, ONE NEW ORCHARD RD, ARMONK NY 10504-1722
Wilson Thomas L Jr officer: CVP and Pres. Space Systems 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042

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