Northrop Grumman Declares Quarterly Dividend of $2.06 per Share
Northrop Grumman Declares Quarterly Dividend of $2.06 per Share
Northrop Grumman announced a quarterly dividend of $2.06 per share, payable on December 18, 2024.
Quiver AI Summary
Northrop Grumman Corporation's board of directors has announced a quarterly dividend of $2.06 per share on its common stock, set to be paid on December 18, 2024, to shareholders recorded by the close of business on December 2, 2024. As a prominent global aerospace and defense technology firm, Northrop Grumman focuses on providing innovative solutions that enhance customer capabilities for global security and exploration.
Potential Positives
- The declaration of a quarterly dividend of $2.06 per share signals strong financial performance and shareholder value, boosting investor confidence.
- This dividend payment reflects the company's commitment to returning capital to its shareholders, reinforcing its financial stability and attractiveness as an investment.
- The scheduled payment date and record date provide clear communication to shareholders, enhancing transparency and trust in corporate governance.
Potential Negatives
- Declaring a quarterly dividend may indicate a lack of reinvestment in innovation or growth opportunities, which could concern investors looking for long-term value creation.
FAQ
What is the dividend amount declared by Northrop Grumman?
The board of directors declared a quarterly dividend of $2.06 per share on Northrop Grumman common stock.
When will the Northrop Grumman dividend be paid?
The dividend is payable on December 18, 2024, to shareholders of record as of December 2, 2024.
Who is eligible to receive the Northrop Grumman dividend?
Shareholders of record as of the close of business on December 2, 2024, are eligible to receive the dividend.
What type of company is Northrop Grumman?
Northrop Grumman is a leading global aerospace and defense technology company, known for its innovative solutions.
How can I contact Northrop Grumman for more information?
For more information, you can contact Todd Ernst at 703-280-4535 or email newsbureau@ngc.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NOC Congressional Stock Trading
Members of Congress have traded $NOC stock 6 times in the past 6 months. Of those trades, 1 have been purchases and 5 have been sales.
Here's a breakdown of recent trading of $NOC stock by members of Congress over the last 6 months:
- REPRESENTATIVE JOHN JAMES sold up to $15,000 on 09/04.
- REPRESENTATIVE JOSH GOTTHEIMER has traded it 2 times. They made 1 purchase worth up to $15,000 on 07/19 and 1 sale worth up to $15,000 on 06/18.
- REPRESENTATIVE JARED MOSKOWITZ has traded it 3 times. They made 0 purchases and 3 sales worth up to $45,000 on 07/05, 07/01.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$NOC Insider Trading Activity
$NOC insiders have traded $NOC stock on the open market 33 times in the past 6 months. Of those trades, 0 have been purchases and 33 have been sales.
Here's a breakdown of recent trading of $NOC stock by insiders over the last 6 months:
- BENJAMIN R. DAVIES (CVP & Pres. Defense Systems) sold 1,156 shares.
- MARK A III WELSH has traded it 29 times. They made 0 purchases and 29 sales, selling 133 shares.
- THOMAS H JONES (CVP & Pres Aeronautics Systems) has traded it 3 times. They made 0 purchases and 3 sales, selling 4,168 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$NOC Hedge Fund Activity
We have seen 687 institutional investors add shares of $NOC stock to their portfolio, and 717 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/ removed 691,038 shares (-22.5%) from their portfolio in Q3 2024
- VANGUARD GROUP INC added 603,387 shares (+5.0%) to their portfolio in Q3 2024
- PRICE T ROWE ASSOCIATES INC /MD/ added 602,756 shares (+61.7%) to their portfolio in Q3 2024
- FRANKLIN RESOURCES INC added 534,532 shares (+23.4%) to their portfolio in Q3 2024
- JPMORGAN CHASE & CO removed 423,730 shares (-9.5%) from their portfolio in Q3 2024
- BALYASNY ASSET MANAGEMENT L.P. added 399,704 shares (+1153.3%) to their portfolio in Q3 2024
- BLACKROCK, INC. added 386,409 shares (+3.8%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
FALLS CHURCH, Va., Nov. 20, 2024 (GLOBE NEWSWIRE) -- The board of directors of Northrop Grumman Corporation (NYSE: NOC) declared a quarterly dividend of $2.06 per share on Northrop Grumman common stock, payable December 18, 2024, to shareholders of record as of the close of business December 2, 2024.
Northrop Grumman is a leading global aerospace and defense technology company. Our pioneering solutions equip our customers with the capabilities they need to connect and protect the world, and push the boundaries of human exploration across the universe. Driven by a shared purpose to solve our customers' toughest problems, our employees define possible every day.
Contact:
newsbureau@ngc.com
Todd Ernst
703-280-4535
todd.ernst@ngc.com
This press release was published by a CLEAR Verified individual.
