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

Chubb Limited (CB)

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%