Trailing Dividend / Share
$8.99
Northrop Grumman Corporation (NOC) Dividend History
Income profile from 1982 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
1.7%
Payout Ratio
30.9%
Sustainable
Dividend Streak
22 years
NOC Dividend Income Check
Safety
30.9% payout ratio with sustainable safety profile.
Consistency
22 straight years of dividend increases.
Income Trend
Yield on cost is 3.0% and trend is rising.
NOC Dividend Scorecard
Yield & Income
Dividend Yield1.7%
Trailing DPS$8.99
FrequencySemi-Annual
Payments / 12M4
Payout Safety
Earnings Payout30.9%
Earnings SafetySustainable
FCF Payout38.6%
FCF SafetyWell Covered
Piotroski F-Score6/9
Growth
Growth Streak22 years
3Y CAGR10.0%
5Y CAGR9.7%
Yield on Cost (5Y)3.0%
YOC Trendrising
Total Returns
Buyback Yield2.2%
Total Shareholder Yield3.9%
1Y Total Return7.3%
5Y Total Return52.7%
Div Contribution (5Y)10.6%
Estimated $10K growth (return + dividends):
5Y ago$15,26610Y ago$27,18020Y ago$106,786
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
NOC Income Growth Story
Dividend per share and yield on cost over time (45 years of payments)
NOC Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Dividend Analysis
Payout Safety
Northrop Grumman Corporation distributes 30.9% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 38.6%, rated "Well Covered".
Piotroski F-Score: 6/9 — moderate financial health.
Growth Track Record
NOC has raised its dividend for 22 consecutive years, with a 3-year CAGR of 10.0% and 5-year CAGR of 9.7%.
Total Shareholder Returns
Beyond cash dividends, NOC returns capital through share repurchases. The combined picture: 1.7% dividend yield, 2.2% buyback yield, 3.9% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 3.0% and is currently rising. The 5-year total return is 52.7%, with dividends contributing 10.6% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $27,180 today.
NOC Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$39.06
Avg/Payment$1.9530
Latest Change+6.9%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jun 1, 2026Latest | $2.4700 | ↑ +6.9% | 1.74% | Jun 17, 2026 |
| Feb 23, 2026 | $2.3100 | — | 1.27% | Mar 11, 2026 |
| Dec 1, 2025 | $2.3100 | — | 1.65% | Dec 17, 2025 |
| Sep 2, 2025 | $2.3100 | — | 1.48% | Sep 17, 2025 |
| Jun 2, 2025 | $2.3100 | ↑ +12.1% | 1.76% | Jun 18, 2025 |
| Mar 3, 2025 | $2.0600 | — | 1.74% | Mar 19, 2025 |
| Dec 2, 2024 | $2.0600 | — | 1.66% | Dec 18, 2024 |
| Sep 3, 2024 | $2.0600 | — | 1.50% | Sep 18, 2024 |
NOC Dividend vs Peers
Comparable companies in the same industry
#4 yield in peer group
Div Yield
1.7%
#4 of 9
Safety
Sustainable
30.9% payout
Streak
22Y
9.7% 5Y CAGR
Total Shareholder
3.9%
#4 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| NOCNorthrop Grumman Cor… | $74.1B | 1.7% | 30.9% | 22 | Sustainable |
2nd  LMTLockheed Martin Corp… | $117.8B | 2.6% | 62.4% | 23 | Watch |
 RTXRTX Corporation | $249.9B | 1.4% | 53.1% | 33 | Sustainable |
 GDGeneral Dynamics Cor… | $94.7B | 1.7% | 37.8% | 34 | Sustainable |
 BAThe Boeing Company | $175.6B | 0.2% | — | 0 | Unknown |
3rd  HIIHuntington Ingalls I… | $11.2B | 1.9% | 35.2% | 14 | Sustainable |
 LHXL3Harris Technologie… | $55.1B | 1.6% | 56.2% | 24 | Sustainable |
1st  BAHBooz Allen Hamilton … | $7.9B | 3.4% | 32.4% | 10 | Sustainable |
 SAICScience Applications… | $4.3B | 1.5% | 19.6% | 0 | Sustainable |
NOC Annual Dividend History (1982–2026)
45 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $4.78 | — | 2 | — | — | — | 1.6% |
| 2025 | $8.99 | 11.7% | 4 | $29.08 | 30.9% | 3.23x | 3.0% |
| 2024 | $8.05 | 9.7% | 4 | $28.34 | 28.4% | 3.52x | 2.7% |
| 2023 | $7.34 | 8.6% | 4 | $13.53 | 54.2% | 1.84x | 2.5% |
| 2022 | $6.76 | 9.7% | 4 | $31.47 | 21.5% | 4.66x | 2.3% |
| 2021 | $6.16 | 8.6% | 4 | $43.54 | 14.1% | 7.07x | 2.1% |
| 2020 | $5.67 | 9.9% | 4 | $19.03 | 29.8% | 3.36x | 1.9% |
| 2019 | $5.16 | 9.8% | 4 | $13.22 | 39.0% | 2.56x | 1.8% |
| 2018 | $4.70 | 20.5% | 4 | $18.49 | 25.4% | 3.93x | 1.6% |
| 2017 | $3.90 | 11.4% | 4 | $11.47 | 34.0% | 2.94x | 1.3% |
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into NOC consensus models and risk factors.
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
44+ years return with dividends reinvested.
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DCA Calculator
See how regular investing compounds over time.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
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NOC — Frequently Asked Questions
Quick answers to the most common questions about buying NOC stock.
How much dividend does NOC pay per share?
Northrop Grumman Corporation (NOC) pays a trailing 12-month dividend of $8.99 per share, with a current dividend yield of +1.7%. Payments are made Semi-Annual.
When is NOC's next ex-dividend date?
NOC's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. NOC typically pays dividends Semi-Annual.
Is NOC's dividend safe?
NOC's dividend safety is rated "Sustainable" based on an earnings payout ratio of +30.9% and FCF payout ratio of +38.6%. With 22 consecutive years of dividend growth, the track record supports sustainability.
Is NOC a Dividend Achiever?
Yes, Northrop Grumman Corporation is classified as a Dividend Achiever with 22 consecutive years of dividend increases. The 5-year dividend CAGR is +9.7%, demonstrating above-inflation dividend growth.
How often does NOC pay dividends?
Northrop Grumman Corporation pays dividends Semi-Annual. The trailing 12-month total is $8.99 per share. Dividend data on this page covers 44+ years from 1982 to 2026.
How much would $10,000 invested in NOC grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in NOC five years ago would be worth approximately $15,266 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is NOC's yield on cost for long-term holders?
NOC's yield on cost — the current dividend divided by the original purchase price — is +3.0% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +1.7% market yield, thanks to consistent dividend growth.