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Data last updated: Sep 17, 2026
Snapshot (as of Sep 17, 2026): Northrop Grumman Corporation (NOC) pays a $9.56 annual dividend ($2.47 quarterly), yielding 1.80% at $530.78/share. Next ex-dividend date 2026-08-31. 20 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.80%
Annual Dividend: $9.56 per share
Payout Ratio: 29.9%
Ex-Dividend Date: 2026-08-31
Dividend Frequency: quarterly
Sector: Industrials
Years of Dividend History: 45
Northrop Grumman Corporation dividend investors are looking at a defense and aerospace giant whose products span advanced strike aircraft, hypersonic propulsion, satellite systems, and C4ISR technologies. NOC pays $9.56 per share annually on a quarterly schedule, with the next ex-dividend date set for August 31, 2026, and a last quarterly payment of $2.47. The current yield stands at 1.84%. With a beta of -0.11, NOC stock moves almost independently of the broader market, which appeals to growth-and-income investors who want dividend growth without heavy equity volatility.
Northrop Grumman Corporation pays out 29.9% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low payout leaves substantial room to sustain and grow the dividend even if earnings face pressure, and the company's position across defense segments including missile systems, space payloads, and electronic warfare points to demand that is driven by government contracts rather than consumer cycles. Northrop Grumman Corporation dividend safety is further supported by 20 consecutive years of increases with no cut in the available history. The primary risk is concentration in government defense spending, where budget shifts or contract losses could affect earnings without much warning.
Northrop Grumman Corporation dividend history shows a CAGR of 11.5% per year from 2011 to 2025. The per-share payment grew from $1.97 to $8.99 over that window (2026 data is partial and excluded from the CAGR calculation). The smallest annual increase in the window was 8.6% in 2021, which means even in the slowest year, NOC outpaced most inflation benchmarks. Twenty consecutive years of increases without a single cut is the defining feature of this dividend.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +10.0% | $6.76 (2022) | $8.99 (2025) |
| 5-Year | +9.7% | $5.67 (2020) | $8.99 (2025) |
| 10-Year | +11.2% | $3.10 (2015) | $8.99 (2025) |
NOC fits growth-and-income investors who want a dividend that compounds fast rather than one that pays out heavily today. The yield is low (below 2%), and at 1.84% it sits above the 5-year average of 1.44%, so current buyers are getting a slightly better entry yield than the historical norm. The 29.9% payout ratio means the company retains most of its earnings, which is what funds that 11.5% annual growth rate. The trade-off is straightforward: income today is modest, but the dividend has more than quadrupled since 2011. Investors who prioritize current income will find the yield underwhelming. Those focused on where the dividend goes over a decade have a different calculation.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-31 | $2.4700 |
| 2026-06-01 | $2.4700 |
| 2026-02-23 | $2.3100 |
| 2025-12-01 | $2.3100 |
| 2025-09-02 | $2.3100 |
| 2025-06-02 | $2.3100 |
| 2025-03-03 | $2.0600 |
| 2024-12-02 | $2.0600 |
| 2024-09-03 | $2.0600 |
| 2024-05-24 | $2.0600 |
| Year | Total Dividends |
|---|---|
| 2026 | $7.2500 |
| 2025 | $8.9900 |
| 2024 | $8.0500 |
| 2023 | $7.3400 |
| 2022 | $6.7600 |
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