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Northrop Grumman (Northrop Grumman) Dividend Yield % : 1.56% (As of Apr. 26, 2024)


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What is Northrop Grumman Dividend Yield %?

As of today (2024-04-26), the Trailing Annual Dividend Yield of Northrop Grumman is 1.56%.

Good Sign:

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

The historical rank and industry rank for Northrop Grumman's Dividend Yield % or its related term are showing as below:

NOC' s Dividend Yield % Range Over the Past 10 Years
Min: 1.1   Med: 1.58   Max: 2.86
Current: 1.56

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%.

NOC's Dividend Yield % is ranked better than
64.49% of 138 companies
in the Aerospace & Defense industry
Industry Median: 1.01 vs NOC: 1.56

Northrop Grumman's Dividend Payout Ratio for the three months ended in Mar. 2024 was 0.30.

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.

As of today (2024-04-26), the Forward Dividend Yield % of Northrop Grumman is 1.56%.

Northrop Grumman's Dividends per Share for the three months ended in Mar. 2024 was $1.87.

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.

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.

The growth rate is calculated with least square regression.

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


Northrop Grumman Dividend Yield % Historical Data

The historical data trend for Northrop Grumman's Dividend Yield % can be seen below:

* 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.

* Premium members only.

Northrop Grumman Dividend Yield % Chart

Northrop Grumman Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Dividend Yield %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.50 1.86 1.59 1.25 1.57

Northrop Grumman Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Dividend Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.50 1.55 1.64 1.57 -

Competitive Comparison of Northrop Grumman's Dividend Yield %

For the Aerospace & Defense subindustry, Northrop Grumman's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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's Dividend Yield % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Northrop Grumman's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Northrop Grumman's Dividend Yield % falls into.



Northrop Grumman Dividend Yield % Calculation

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 Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=7.48/480.45
=1.56 %

Current Share Price is $480.45.
Northrop Grumman's Dividends per Share for the trailing twelve months (TTM) ended in Today is $7.48.

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

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=7.48/480.45
=1.56 %

Current Share Price is $480.45.
Northrop Grumman's Dividends per Share for the forward twelve months is calculated as $1.87 * 4 = $7.48.

* 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  (NYSE:NOC) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Northrop Grumman Dividend Yield % Related Terms

Thank you for viewing the detailed overview of Northrop Grumman's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.


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