Northrop Grumman Corp /De/ (NOC) Dividend Analysis
Comprehensive dividend yield, safety, growth, and income analysis for NOC.
Northrop Grumman Corp /De/ (NOC) pays a solid 2.07% dividend yield, or $9.88 per share annually at a stock price of $481.26. 22 consecutive years of dividend increases — qualifying as a Dividend Contender (10+ years). The payout ratio of 30% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 3.2x. Dividend growth has been steady, with a 3-year CAGR of 9.9% and a 5-year CAGR of 9.6% (10-year: 10.9%). The most recent ex-dividend date was August 31, 2026.
Dividend Overview
Northrop Grumman Corp /De/ (NOC) pays a solid 2.07% dividend yield, or $9.88 per share annually at a stock price of $481.26. NOC has increased its dividend for 22 consecutive years.
Dividend Safety
The payout ratio of 30% is well within sustainable levels, leaving room for future increases.
DRIP Projection
$10,000 invested in NOC with dividends reinvested would grow to approximately $13,744 after 10 years, generating roughly $712/year in dividend income. This projection assumes the current 2.07% yield and a 9.6% annual dividend growth rate with all dividends reinvested.
| Year | Portfolio Value | Annual Income | Total Return |
|---|---|---|---|
| Year 1 | $10,207 | $231 | +2% |
| Year 5 | $11,316 | $370 | +13% |
| Year 10 | $13,744 | $712 | +37% |
| Year 15 | $18,630 | $1,527 | +86% |
| Year 20 | $29,904 | $3,880 | +199% |
Assumes constant share price and reinvestment at current price. Actual results will vary. Try our DRIP Calculator for a customized projection with real historical data.
Payment Schedule
You must own shares before the ex-dividend date to receive the upcoming payment. Payment typically arrives 2-4 weeks after the ex-date.
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