Northrop Grumman Co. (NYSE:NOC) to Issue Quarterly Dividend of $1.32

Northrop Grumman Co. (NYSE:NOC) declared a quarterly dividend on Wednesday, November 20th, Zacks reports. Investors of record on Monday, December 2nd will be paid a dividend of 1.32 per share by the aerospace company on Wednesday, December 18th. This represents a $5.28 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Friday, November 29th.

Shares of NOC opened at $352.88 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.19 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $58.94 billion, a P/E ratio of 16.54, a price-to-earnings-growth ratio of 1.31 and a beta of 0.78. The stock’s fifty day simple moving average is $353.47 and its 200 day simple moving average is $343.16. Northrop Grumman has a twelve month low of $223.63 and a twelve month high of $383.89.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Thursday, October 24th. The aerospace company reported $5.49 earnings per share for the quarter, topping the consensus estimate of $4.74 by $0.75. Northrop Grumman had a return on equity of 39.12% and a net margin of 9.05%. The business had revenue of $8.48 billion for the quarter, compared to analyst estimates of $8.56 billion. During the same period last year, the company posted $6.54 EPS. The business’s quarterly revenue was up 4.8% on a year-over-year basis. Sell-side analysts predict that Northrop Grumman will post 20.38 earnings per share for the current year.

NOC has been the topic of several research reports. Sanford C. Bernstein raised their price objective on Northrop Grumman from $374.00 to $385.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. Barclays set a $415.00 price objective on Northrop Grumman and gave the company a “buy” rating in a research report on Tuesday, October 8th. Zacks Investment Research raised Northrop Grumman from a “hold” rating to a “buy” rating and set a $377.00 price objective on the stock in a research report on Tuesday, September 10th. ValuEngine raised Northrop Grumman from a “strong sell” rating to a “sell” rating in a research report on Friday, November 1st. Finally, Morgan Stanley raised their price objective on Northrop Grumman from $418.00 to $437.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $365.08.

Northrop Grumman Company Profile

Northrop Grumman Corporation, a security company, provides products in the areas of autonomous systems, cyber, space, strikes, and logistics and modernizations in the United States, the Asia Pacific, and internationally. The company operates through four segments: Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services.

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Dividend History for Northrop Grumman (NYSE:NOC)

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