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Data last updated: Aug 03, 2026
Snapshot (as of Aug 03, 2026): Northrop Grumman Corporation (NOC) pays a $9.40 annual dividend ($2.47 quarterly), yielding 1.73% at $542.48/share. Next ex-dividend date 2026-06-01. 20 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.73%
Annual Dividend: $9.40 per share
Payout Ratio: 29.9%
Ex-Dividend Date: 2026-06-01
Dividend Frequency: quarterly
Sector: Industrials
Years of Dividend History: 45
Northrop Grumman Corporation dividend investors are looking at a defense and aerospace giant whose portfolio spans advanced strike aircraft, hypersonic propulsion, satellite systems, and C4ISR technologies. The current yield is 1.73%, with a trailing annual dividend rate of $9.40 per share paid quarterly. The next ex-dividend date is June 1, 2026, and the last dividend payment was $2.47 per share. NOC stock carries a beta of -0.102, meaning it moves largely independent of broader market swings, which suits investors who prioritize dividend growth over immediate income.
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, supported by a business that spans mission-critical defense contracts across weapons systems, space-based solutions, and cybersecurity. Northrop Grumman Corporation dividend safety benefits from that diversification across government-facing segments, though the company's revenue is concentrated in defense spending, meaning any significant shift in government procurement budgets represents the most data-supported pressure point on the payout.
Northrop Grumman Corporation dividend history shows a CAGR of 11.5% per year from 2011 to 2025. The per-share annual dividend grew from $1.97 to $8.99 over that period (2026 data is partial and excluded from this calculation). The smallest annual increase in the window was 8.6% in 2021, which means even in the slowest year on record, NOC still delivered a meaningful raise for income investors.
| 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 stock fits growth-and-income investors who want a rising dividend stream from a defense-sector business rather than a high current payout. The yield is low (below 2%) at 1.73%, and that sits above the 5-year average of 1.38%, so the current entry point offers slightly more income than the historical norm. Twenty consecutive years of dividend increases and an 11.5% annual growth rate are the defining characteristics here. The trade-off is straightforward: Northrop Grumman Corporation delivers compounding dividend growth backed by a 29.9% payout ratio, but investors accepting a sub-2% starting yield are betting on that growth rate continuing rather than collecting meaningful income today.
| Payment Date | Amount per Share |
|---|---|
| 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 |
| 2024-02-23 | $1.8700 |
| Year | Total Dividends |
|---|---|
| 2026 | $4.7800 |
| 2025 | $8.9900 |
| 2024 | $8.0500 |
| 2023 | $7.3400 |
| 2022 | $6.7600 |
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