Northrop Grumman builds the X-47 Unmanned Aerial Vehicle (UAV). Photo: Flickr.com/USS Theodore Roosevelt
Two dividend growth companies announced annual increases this week – including Aerospace & Defense company Northrop Grumman, which announced an 11% increase to its dividend.
Dividend Increases Announced This Week
Industry: Financial – Insurance
Dividend Payment: 71 cents per share – up 2.9% from prior level of 69 cents
Dividend Paid On: 7/21
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 6/28
Number of Years of Dividend Increases: 24
Current Forward Yield: 1.99%
Northrop Grumman Corporation (NOC)
Industry: Aerospace & Defense
Dividend Payment: $1.00 per share – up 11.1% from prior level of 90 cents
Dividend Paid On: 6/21
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 6/1
Number of Years of Dividend Increases: 14
Current Forward Yield: 1.46%
I’m long NOC and CB — and happy with the increases! Nice to get 2 raises in a week!
FerdiS:
Congratulations – and nice job! Enjoy the raises!
Cheers,
HD