FALLS CHURCH, Va., May 21, 2014 /PRNewswire/ -- The board of
directors of Northrop Grumman Corporation (NYSE: NOC) declared a
quarterly dividend of $0.70 per share
on Northrop Grumman common stock, a 15 percent increase from the
prior quarterly dividend of $0.61 per
share. This is the 11th consecutive annual increase in Northrop
Grumman's quarterly common stock dividend. The dividend is payable
June 18, 2014, to shareholders of
record as of the close of business June 2,
2014.
"Today's dividend increase is consistent with our approach of
maintaining a competitive payout ratio as we reduce our share count
to achieve the repurchase goal we announced in May of 2013," said
Wes Bush, chairman, chief executive
officer and president.
Northrop Grumman is a leading global security company providing
innovative systems, products and solutions in unmanned systems,
cyber, C4ISR, and logistics and modernization to government and
commercial customers worldwide. Please visit
www.northropgrumman.com for more information.
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SOURCE Northrop Grumman Corporation