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Northrop Maintains $1.73 Dividend for Shareholders

Northrop Grumman‘s (NYSE: NOC) board of directors has approved a quarterly cash dividend of $1.73 per share on the company’s common stock for the second quarter, remaining steady from the dividend rate announced three months ago. 

The company said Wednesday it will give the dividend on Sept. 14 to stockholders of record at the close of business on Aug. 29.

Fall Church, Virginia-based Northrop logged sales for the April-June period of $8.80 billion, with its space segment contributing $2.98 billion and helping to offset lower revenues at the company’s three other core business sectors.

The latest quarterly dividend is higher than its prior-year dividend of $1.57 per share.

Northrop shares opened at $492.13 on Friday, contracting from a previous close of $492.93. 

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