Northrop Grumman (NOC) Declares $1.87 Dividend
Northrop Grumman said on May 16, 2023 that its board of directors declared a regular quarterly dividend of $1.87 per share ($7.48 annualized). Previously, the company paid $1.73 per share.
Shares must be purchased before the ex-div date of May 26, 2023 to qualify for the dividend. Shareholders of record as of May 30, 2023 will receive the payment on June 14, 2023.
At the current share price of $435.63 / share, the stock's dividend yield is 1.72%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.63%, the lowest has been 1.26%, and the highest has been 2.12%. The standard deviation of yields is 0.18 (n=236).
The current dividend yield is 0.51 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.21. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.31%, demonstrating that it has increased its dividend over time.
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What is the Fund Sentiment?
There are 2372 funds or institutions reporting positions in Northrop Grumman. This is a decrease of 111 owner(s) or 4.47% in the last quarter. Average portfolio weight of all funds dedicated to NOC is 0.44%, a decrease of 4.13%. Total shares owned by institutions decreased in the last three months by 3.62% to 153,863K shares. 
The put/call ratio of NOC is 0.88, indicating a bullish outlook.
Analyst Price Forecast Suggests 21.77% Upside
As of May 11, 2023, the average one-year price target for Northrop Grumman is 530.46. The forecasts range from a low of 387.84 to a high of $687.75. The average price target represents an increase of 21.77% from its latest reported closing price of 435.63.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Northrop Grumman is 38,225MM, an increase of 4.43%. The projected annual non-GAAP EPS is 22.81.
What are Other Shareholders Doing?
Capital International Investors holds 12,029K shares representing 7.92% ownership of the company. In it's prior filing, the firm reported owning 11,788K shares, representing an increase of 2.00%. The firm decreased its portfolio allocation in NOC by 17.24% over the last quarter.
Wellington Management Group Llp holds 6,014K shares representing 3.96% ownership of the company. In it's prior filing, the firm reported owning 6,527K shares, representing a decrease of 8.52%. The firm decreased its portfolio allocation in NOC by 89.12% over the last quarter.
AWSHX - WASHINGTON MUTUAL INVESTORS FUND holds 5,411K shares representing 3.56% ownership of the company. In it's prior filing, the firm reported owning 5,646K shares, representing a decrease of 4.35%. The firm decreased its portfolio allocation in NOC by 24.87% over the last quarter.
Massachusetts Financial Services holds 4,476K shares representing 2.95% ownership of the company. In it's prior filing, the firm reported owning 4,502K shares, representing a decrease of 0.57%. The firm decreased its portfolio allocation in NOC by 87.35% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,211K shares representing 2.77% ownership of the company. In it's prior filing, the firm reported owning 4,153K shares, representing an increase of 1.37%. The firm increased its portfolio allocation in NOC by 8.62% over the last quarter.
Northrop Grumman Background Information
(This description is provided by the company.)
Northrop Grumman solves the toughest problems in space, aeronautics, defense and cyberspace to meet the ever evolving needs of our customers worldwide. Its 90,000 employees define possible every day using science, technology and engineering to create and deliver advanced systems, products and services.
Key filings for this company:
This story originally appeared on Fintel.