Northrop Grumman (NOC) Dividend Increase

Image Source: Pixabay

On 20 May, Northrop Grumman (NOC) increased its dividend by 12.16%, from $2.06 to $2.31 per share.

The dividend is payable on 18 June to shareholders of record on 2 June. 

NOC's forward yield is 1.96% at $471.46 per share.

Source: Simply Safe Dividends

I own 40 NOC shares at an average cost of $326.49 per share. NOC's contribution to DivGro's projected annual dividend income will increase by $40 to $369.60. 

My yield on cost is now 2.83%.

Since I opened my position in February 2021, the stock has generated a total return of +53%, including $1,171.30 in dividend income. That's a splendid annualized rate of return of 10.9%!

5-Year History of Dividend Payouts by Ex-Date

^✝projected, assuming no further changes

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