FALLS CHURCH, Va., May 20, 2015 /PRNewswire/ -- The board of
directors of Northrop Grumman Corporation (NYSE: NOC) declared a
quarterly dividend of $0.80 per share
on Northrop Grumman common stock, a 14 percent increase from the
prior quarterly dividend of $0.70 per
share. This is the 12th consecutive annual increase in Northrop
Grumman's common stock dividend. The dividend is payable
June 17, 2015, to shareholders of
record as of the close of business June 1,
2015.
"We continue to execute a capital deployment strategy that calls
for returning cash to shareholders through a competitive dividend
and share repurchases. Today's 14 percent dividend increase
supports that approach. We are on track to complete our 60 million
share repurchase goal this year, market conditions permitting.
Returning cash to shareholders continues to be a core element of
our value creation strategy," 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.
Note: Statements in this press release, other than statements of
historical fact, constitute "forward-looking" information within
the meaning of the Private Securities Litigation Reform Act of
1995. Words such as "anticipate," "expect," "intend," "plan,"
"believe," "estimate," "guidance," "goal," and similar expressions
generally identify these forward-looking statements. These
forward-looking statements speak only as of the date when made, and
the Company undertakes no obligation to update or revise any
forward-looking statements after the date of the subject
presentation. Forward-looking statements are not guarantees of
future performance and inherently involve a wide range of risks and
uncertainties that are difficult to predict. Actual results may
differ materially from those described or implied in these
statements based on a number of factors, including global economic
conditions, economic conditions in our industry, government fiscal
and budget policies, changes in interest rates and other market
conditions. A discussion of these risks and uncertainties is
contained in the Company's filings with the Securities and Exchange
Commission.
Logo- http://photos.prnewswire.com/prnh/20121024/LA98563LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/northrop-grumman-announces-14-percent-dividend-increase-to-080-per-share-300086148.html
SOURCE Northrop Grumman Corporation