Northrop Grumman Boosts Quarterly Dividend by 8%
May 16 2023 - 4:15PM
Dow Jones News
By Paul Ziobro
Northrop Grumman said Tuesday that it has raised its quarterly
dividend by 8%.
The aerospace and defense company said its board of directors
declared a quarterly dividend of $1.87 a share, payable June 14 to
shareholders of record at the close of business on May 30.
The new payout, equal to $7.48 a year, represents an annual
yield of about 1.7%, based on Tuesday's closing price of
$435.63.
Chief Executive Kathy Warden said the company is upping its
dividend for the 20th consecutive year.
Write to Paul Ziobro at paul.ziobro@wsj.com
(END) Dow Jones Newswires
May 16, 2023 17:00 ET (21:00 GMT)
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