Northrop Grumman Dividend Increase
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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
| 2020 | 2021 | 2022 | 2023 | 2024 | • | 2025 |
| $5.67 | $6.16 | $6.76 | $7.34 | $8.05 | ⬆ | $8.99✝ |
| 9.88% | 8.64% | 9.74% | 8.58% | 9.67% | ⬆ | 11.68% |
| 5-year DGR: | 9.30% | ⬆ | 9.66% | |||
✝projected, assuming no further changes
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Disclaimer: I'm not an investment professional or a licensed financial advisor. This article represents my personal views and decisions, which may not be appropriate for other investors. ...
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