Northrop Grumman Increases Quarterly Dividend 12.5 Percent to $0.90 per Share
May 17 2016 - 5:15PM
The board of directors of Northrop Grumman Corporation (NYSE:NOC)
declared a quarterly dividend of $0.90 per share on Northrop
Grumman common stock, a 12.5 percent increase from the prior
quarterly dividend of $0.80 per share. This is the 13th consecutive
annual increase in Northrop Grumman's common stock dividend. The
dividend is payable June 22, 2016, to shareholders of record as of
the close of business June 6, 2016.
"Today's dividend increase demonstrates our commitment to
maintaining a competitive dividend as a core element of our capital
deployment strategy," said Wes Bush, chairman, chief executive
officer and president, Northrop Grumman.
Northrop Grumman is a leading global security company providing
innovative systems, products and solutions in autonomous systems,
cyber, C4ISR, strike, 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," 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 this press release.
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.
CONTACT: Randy Belote (Media)
703-280-2720
randy.belote@ngc.com
Steve Movius (Investors)
703-280-4575
steve.movius@ngc.com
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