On August 19, Northrop Grumman Corporation (NYSE:NOC) announced that its board of directors had declared a quarterly dividend of $2.47 per share on common stock. The payment is scheduled for September 16 to all shareholders of record on August 31.
This is the same level as in the prior quarter, when the dividend was increased 7% from $2.31 per share to $2.47. The company has been raising the payout ever since 2004. This is a steady cadence, most occurring in the month of May instead of sequential ****** ps.
Given the recent quarter's diluted EPS of $7.68, the dividend figure translates to a payout ratio of 31%, leaving ample room to further increase dividends ahead without straining earnings.
Northrop Grumman Corporation (NYSE:NOC) beat ****** ysts' estimates for both sales and earnings per share during the second quarter as ongoing geopolitical conflicts drove sustained demand for weapons.
After the robust results, the company lifted its sales and adjusted profit guidance for the full year. It now expects sales in the range of $43.75 billion to $44.25 billion, up from earlier projections of $43.5 billion to $44 billion. Adjusted EPS is forecast between $28.60 and $29.10 per share, up from $27.40 to $27.90.
#Share #Dividend #northrop #corporation
This is the same level as in the prior quarter, when the dividend was increased 7% from $2.31 per share to $2.47. The company has been raising the payout ever since 2004. This is a steady cadence, most occurring in the month of May instead of sequential ****** ps.
Given the recent quarter's diluted EPS of $7.68, the dividend figure translates to a payout ratio of 31%, leaving ample room to further increase dividends ahead without straining earnings.
Northrop Grumman Corporation (NYSE:NOC) beat ****** ysts' estimates for both sales and earnings per share during the second quarter as ongoing geopolitical conflicts drove sustained demand for weapons.
After the robust results, the company lifted its sales and adjusted profit guidance for the full year. It now expects sales in the range of $43.75 billion to $44.25 billion, up from earlier projections of $43.5 billion to $44 billion. Adjusted EPS is forecast between $28.60 and $29.10 per share, up from $27.40 to $27.90.
#Share #Dividend #northrop #corporation
2 months ago
