Northrop Grumman Dividend Increase

On May 19, Northrop Grumman (NOC) increased its dividend by 6.93%, from $2.31 to $2.47 per share.

The dividend is payable on June 17 to shareholders of record on June 1.

NOC's contribution to DivGro's projected annual dividend income will increase by $14.72 to $227.24.

I own 23 shares of NOC at an average cost basis of $444.79/share. Following this increase, my yield on cost is 2.22% (the stock's forward yield is 1.66% at $555.58/share).

Since I opened my position in May 2020, the stock has delivered a total return of 29%, including dividends of $396.10. That's a splendid annualized rate of return of 14.3%!

NOC became DivGro's 58th Home Run stock in October 2025, when it doubled my original capital outlay.

5-Year History of Dividend Payouts by Ex-Date

✝projected, assuming no further changes

Created by the author

My quality model assigns NOC a quality score of 7.1. Simply Safe Dividends rates NOC's dividend as Very Safe with a Dividend Safety Score of 90, the top tier of their five-band scale, and Seeking Alpha assigns NOC a dividend grade of A+.