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NOCNorthrop Grumman Corporation

Dividends

Dividend payments are $9.40 per share, with a current dividend yield of 1.88%. The company has dividend history for 22 consecutive years.

NOC Dividend Summary

Consecutive Years

22

Most Recent Ex-Date

Jun 1, 2026

Most Recent Payment

Jun 17, 2026

NOC Dividends per Share (Nominal History)

View full nominal table list

This step chart displays the nominal dividend payouts over time on their actual payment dates, matching the distribution frequency.

NOC Dividends CAGR Chart

Northrop Grumman Corporation (NOC)

Annual Dividend History

YearDividend/ShareYoY Growth
2026(YTD)$4.78
2025$8.99+11.68%
2024$8.05+9.67%
2023$7.34+8.58%
2022$6.76+9.74%
2021$6.16+8.64%
2020$5.67+9.88%
2019$5.16+9.79%
2018$4.70+20.51%
2017$3.90+11.43%
2016$3.50+12.90%
2015$3.10+14.39%
2014$2.71+13.87%
2013$2.38+10.70%
2012$2.15+11.71%
2011$1.92+15.77%
2010$1.66+8.88%
2009$1.53+7.64%
2008$1.42+6.08%
2007$1.34+27.59%

Quarterly Dividend History

QuarterDividend/ShareYoY Growth
Q2 2026$2.47+6.93%
Q1 2026$2.31+12.14%
Q4 2025$2.31+12.14%
Q3 2025$2.31+12.14%
Q2 2025$2.31+12.14%
Q1 2025$2.06+10.16%
Q4 2024$2.06+10.16%
Q3 2024$2.06+10.16%
Q2 2024$2.06+10.16%
Q1 2024$1.87+8.09%
Q4 2023$1.87+8.09%
Q3 2023$1.87+8.09%
Q2 2023$1.87+8.09%
Q1 2023$1.73+10.19%
Q4 2022$1.73+10.19%
Q3 2022$1.73+10.19%
Q2 2022$1.73+10.19%
Q1 2022$1.57+8.28%
Q4 2021$1.57+8.28%
Q3 2021$1.57+8.28%
Q2 2021$1.57+8.28%
Q1 2021$1.45+9.85%
Q4 2020$1.45+9.85%
Q3 2020$1.45+9.85%

Dividend Yield Metrics

Current Yield
1.88%
Average Yield (TTM)
1.98%
Average Yield (3Y)
1.63%
Forward Yield on Cost (3Y)
2.88%
Forward Yield on Cost (5Y)
3.71%
Forward Yield on Cost (10Y)
6.97%

Payout Ratio Analysis

Payout Ratio (Current)
29.42%
FCF Payout Ratio
42.90%
Payout Ratio (3Y Avg)
37.77%
Payout Ratio (5Y Avg)
29.76%
FCF Payout (3Y Avg)
45.70%
FCF Payout (5Y Avg)
50.88%

Dividend Coverage

Payout Ratio
29.4%
Dividends / net income
FCF Payout Ratio
42.9%
Dividends / free cash flow
Consecutive Years
22 years
Years with regular dividend payments
5Y Dividend Growth
9.7%
Compound annual dividend growth

About Northrop Grumman Corporation

Northrop Grumman Corporation is a leading global player in the aerospace and defense sectors. Its Aeronautics Systems division is responsible for the full lifecycle of aircraft, from design and development to production, integration, and ongoing maintenance. This includes a diverse portfolio of crewed and uncrewed aerial platforms: advanced strategic long-range strike aircraft, tactical fighter and air superiority jets, and sophisticated airborne systems for battle management and command and control. Additionally, it specializes in autonomous uncrewed aircraft systems, such as high-altitude, long-endurance strategic intelligence, surveillance, and reconnaissance (ISR) platforms, alongside vertical take-off and landing tactical ISR systems. The Defense Systems segment focuses on creating and delivering a wide array of weapons and mission technologies. Its offerings encompass integrated battle management solutions, various weapons platforms, and specialized aircraft. Key products include command and control systems, munitions, and missiles, alongside precision strike capabilities. The segment is also at the forefront of propulsion technologies, offering both air-breathing and advanced hypersonic systems, as well as sophisticated gun systems and precision munitions. Beyond products, it provides comprehensive life-cycle support, including software services, ongoing maintenance, logistics, operational assistance, and modernization efforts for air, sea, and ground-based defense systems. Within its Mission Systems division, Northrop Grumman delivers critical capabilities spanning cybersecurity, C4ISR (command, control, communications, computers, intelligence, surveillance, and reconnaissance). This includes developing advanced sensing technologies such as radar, electro-optical/infrared, and acoustic sensors, alongside electronic warfare systems. The division also provides cutting-edge communications and networking solutions, intelligence processing, navigation systems, and maritime power, propulsion, and payload launch systems. Furthermore, it supplies airborne multifunction sensors, integrated maritime and land-based systems, targeting and survivability solutions, and robust networked information platforms. The Space Systems segment is a key provider of space-based solutions, delivering satellites and their associated payloads, along with essential ground control systems. It specializes in missile defense systems, including interceptors, and offers a range of launch vehicles with their propulsion components, as well as strategic missile technologies. Established in 1939, the corporation maintains its headquarters in Falls Church, Virginia.

Falls Church, VA
97,000 employees
Industrials / Aerospace & Defense
Sector
Industrials
Industry
Aerospace & Defense
CEO
Kathy J. Warden