SmarterDividends
NOC

Northrop Grumman Corporation

NOC22 yrs growth

Industrials · Aerospace & Defense · Stock · quarterly payer

$551.44

Overvalued · -29% Add to Portfolio

Forward Yield

1.79%

Annual Dividend

$9.88

Payout Ratio

30%

5-Yr Growth

9.7%

Ex-Date

Aug 31, 2026

Frequency

Quarterly

Key facts about NOC's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 24, 2026, Northrop Grumman Corporation (NOC) has a forward dividend yield of 1.79%, based on an annual dividend of $9.88 per share and a share price of $551.44.
  • As of Oct 24, 2026, NOC's dividend safety grade from SmarterDividends is A (96 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, Northrop Grumman Corporation (NOC) has raised its dividend for 22 consecutive years as of Oct 24, 2026.
  • NOC has never cut its regular dividend in the payment history SmarterDividends has on record.
  • NOC's most recent ex-dividend date was Aug 31, 2026, for a dividend of $2.47 per share.
  • As of Oct 24, 2026, NOC pays out 30% of its trailing 12-month earnings as dividends (its payout ratio).
  • NOC's dividend has grown at an average rate of 9.7% a year over the past five years.
  • As of Oct 24, 2026, SmarterDividends' blended fair-value estimate for NOC is $392.66 per share, 29% below the $551.44 share price, so NOC screens as overvalued.
  • Northrop Grumman Corporation (NOC) pays its dividend quarterly, 4 times a year.
  • Northrop Grumman Corporation (NOC) has raised its regular dividend 26 times and cut it 0 times across the 180 payments on record since 1982. Its most recent change was a 6.9% increase to $2.47 per share, going ex-dividend on Jun 1, 2026.
  • Northrop Grumman (NOC) has declared its first higher dividend of the year in May in 5 of the last 5 years; its most recent raise, 6.9%, was declared on May 19, 2026.
Cite this page

SmarterDividends, "NOC Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 24, 2026, https://smarterdividends.com/stocks/NOC

Summary

As of Oct 24, 2026, Northrop Grumman Corporation (NOC) yields 1.79% ($9.88 a year per share), has a dividend safety grade of A (96/100) and has 22 consecutive years of dividend increases on record.

Is NOC a good dividend stock?

Yes

Northrop Grumman Corporation (NOC) pays a quarterly dividend yielding 1.79% ($9.88/yr), with 22 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • 22 consecutive years of dividend growth
  • Never cut its dividend on record
  • Comfortable payout ratio (30%)
  • Strong 9.7% 5-yr dividend growth
  • 58% total price return over 5 years
  • Top-tier dividend safety score

Risks

  • Single-stock concentration risk — diversify

Key Data

Dividend Yield
1.79%
Payout Ratio
30%
Annual Dividend
$9.88
5-Yr Avg Growth
9.7%
Ex-Dividend Date
Aug 31, 2026
Years of Growth
22
Frequency
quarterly
Beta
-0.11
Market Cap
$78.3B
P/E Ratio
17.4
5-Yr Total Return
58%
52-Week Range
$470.06 – $774.00
Dividend Safety
A · 96/100
Ever Cut?
No

NOC dividend raises and cuts

Northrop Grumman Corporation (NOC) has raised its regular dividend 26 times and cut it 0 times across the 180 payments on record since 1982. Its most recent change was a 6.9% increase to $2.47 per share, going ex-dividend on Jun 1, 2026.

Ex-dateChangeOld → newMove
Jun 1, 2026Raise$2.31 → $2.47+6.9%
Jun 2, 2025Raise$2.06 → $2.31+12.1%
May 24, 2024Raise$1.87 → $2.06+10.2%
May 26, 2023Raise$1.73 → $1.87+8.1%
May 27, 2022Raise$1.57 → $1.73+10.2%
May 28, 2021Raise$1.45 → $1.57+8.3%
May 29, 2020Raise$1.32 → $1.45+9.8%
May 31, 2019Raise$1.20 → $1.32+10.0%
Jun 1, 2018Raise$1.10 → $1.20+9.1%
Mar 2, 2018Raise$1.00 → $1.10+10.0%
Jun 1, 2017Raise$0.900 → $1.00+11.1%
Jun 2, 2016Raise$0.800 → $0.900+12.5%
Show all 26 changes since 1984
Ex-dateChangeOld → newMove
May 28, 2015Raise$0.700 → $0.800+14.3%
May 29, 2014Raise$0.610 → $0.700+14.8%
May 23, 2013Raise$0.550 → $0.610+10.9%
May 23, 2012Raise$0.500 → $0.550+10.0%
May 26, 2011Raise$0.425 → $0.500+17.7%
May 27, 2010Raise$0.389 → $0.425+9.3%
May 28, 2009Raise$0.361 → $0.389+7.5%
May 29, 2008Raise$0.334 → $0.361+8.1%
Mar 1, 2007Raise$0.271 → $0.334+23.3%
May 25, 2006Raise$0.235 → $0.271+15.4%
May 26, 2005Raise$0.208 → $0.235+13.0%
May 20, 2004Raise$0.181 → $0.208+15.0%
Feb 23, 1993Raise$0.136 → $0.181+33.3%
Nov 27, 1984Raise$0.0678 → $0.136+100.0%
Every NOC payment →Download every raise and cut (CSV)
NOC ex-dividend date & scheduleNext ex-date Aug 31, 2026 · full ex-dividend historyView →NOC dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is NOC a good dividend stock?

Yes. Northrop Grumman Corporation (NOC) pays a quarterly dividend yielding 1.79% ($9.88/yr), with 22 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is NOC undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NOC's fair value is about $392.66 versus a $551.44 share price — so it looks overvalued (-29% vs. fair value).

Is NOC's dividend safe?

NOC has a dividend-safety grade of A (96/100), based on its payout coverage, free-cash-flow, 22-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is NOC's fair value?

Our blended fair-value estimate for NOC is about $392.66 per share, about 29% below the current $551.44 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is NOC a buy, hold, or sell?

We don't issue formal ratings, but on the data NOC screens as "yes" and overvalued. Northrop Grumman Corporation (NOC) pays a quarterly dividend yielding 1.79% ($9.88/yr), with 22 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will NOC cut its dividend?

NOC earns a dividend-safety grade of A (96/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does NOC pay a dividend?

Yes. Northrop Grumman Corporation pays a quarterly dividend of about $9.88 per share annually, a forward yield of roughly 1.79%.

What is NOC's dividend yield?

As of Oct 24, 2026, NOC's forward dividend yield is 1.79%, based on a $9.88 annual dividend and a $551.44 share price.

What is NOC's dividend per share?

As of Oct 24, 2026, NOC pays $9.88 per share per year, distributed on a quarterly basis.

What is NOC's dividend payout ratio?

As of Oct 24, 2026, NOC's payout ratio is 30% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has NOC grown its dividend?

As of Oct 24, 2026, NOC has increased its dividend for 22 consecutive years.

When is the next NOC ex-dividend date?

As of Oct 24, 2026, NOC's next ex-dividend date hasn't been announced. The most recent was Aug 31, 2026, for $2.47 per share.

NOC Dividend News

NOC
IncreaseNOC·Jun 9, 2026

Northrop Grumman Raises Quarterly Dividend 6.9% to $2.47

Northrop Grumman lifted its quarterly dividend 6.9% to $2.47, extending a 43-year growth streak with a 30% payout ratio and an A safety grade.

Income Calculator

At $9.88 / yr per share

Per payment (quarterly)$247.00
Annual$988.00
Monthly avg$82.33

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