Northrop Grumman (NOC) Dividend History & Yield
Dividend ContenderNorthrop Grumman (NOC) has increased its dividend for 23 consecutive years and currently yields 1.67%. The most recent dividend was $2.3100/share on Mar 11, 2026, paid Quarterly.
Current Yield
1.67%
TTM Dividend/Share
$9.24
Payment Frequency
Quarterly
Payout Ratio
28.9%
Consecutive Growth Years
23 (Dividend Contender)
Div Growth (1Y CAGR)
11.68%
Div Growth (5Y CAGR)
9.66%
Div Growth (10Y CAGR)
11.23%
NOC: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
11.3%
FCF payout ratio
10.1%
Net debt / EBITDA
2.0x
Interest coverage
7.00x
ROIC (TTM)
14.6%
Dividend Safety Score
6 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 28.9%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($23.05) covers dividend/share ($9.24).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
23 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 10.1%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 2.0x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (9.7%) exceeds EPS growth (-0.9%) — payout ratio expanding.
Per-payment dividend history
Ex-date Feb 23, 2026
- Payment date
- Mar 11, 2026
- Dividend
- $2.3100
- Adj. dividend
- $2.3100
Ex-date Dec 1, 2025
- Payment date
- Dec 17, 2025
- Dividend
- $2.3100
- Adj. dividend
- $2.3100
Ex-date Sep 2, 2025
- Payment date
- Sep 17, 2025
- Dividend
- $2.3100
- Adj. dividend
- $2.3100
Ex-date Jun 2, 2025
- Payment date
- Jun 18, 2025
- Dividend
- $2.3100
- Adj. dividend
- $2.3100
Ex-date Mar 3, 2025
- Payment date
- Mar 19, 2025
- Dividend
- $2.0600
- Adj. dividend
- $2.0600
Ex-date Dec 2, 2024
- Payment date
- Dec 18, 2024
- Dividend
- $2.0600
- Adj. dividend
- $2.0600
Ex-date Sep 3, 2024
- Payment date
- Sep 18, 2024
- Dividend
- $2.0600
- Adj. dividend
- $2.0600
Ex-date May 24, 2024
- Payment date
- Jun 12, 2024
- Dividend
- $2.0600
- Adj. dividend
- $2.0600
Ex-date Feb 23, 2024
- Payment date
- Mar 13, 2024
- Dividend
- $1.8700
- Adj. dividend
- $1.8700
Ex-date Nov 24, 2023
- Payment date
- Dec 13, 2023
- Dividend
- $1.8700
- Adj. dividend
- $1.8700
Ex-date Aug 25, 2023
- Payment date
- Sep 13, 2023
- Dividend
- $1.8700
- Adj. dividend
- $1.8700
Ex-date May 26, 2023
- Payment date
- Jun 14, 2023
- Dividend
- $1.8700
- Adj. dividend
- $1.8700
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Feb 23, 2026 | Mar 11, 2026 | $2.3100 | $2.3100 |
| Dec 1, 2025 | Dec 17, 2025 | $2.3100 | $2.3100 |
| Sep 2, 2025 | Sep 17, 2025 | $2.3100 | $2.3100 |
| Jun 2, 2025 | Jun 18, 2025 | $2.3100 | $2.3100 |
| Mar 3, 2025 | Mar 19, 2025 | $2.0600 | $2.0600 |
| Dec 2, 2024 | Dec 18, 2024 | $2.0600 | $2.0600 |
| Sep 3, 2024 | Sep 18, 2024 | $2.0600 | $2.0600 |
| May 24, 2024 | Jun 12, 2024 | $2.0600 | $2.0600 |
| Feb 23, 2024 | Mar 13, 2024 | $1.8700 | $1.8700 |
| Nov 24, 2023 | Dec 13, 2023 | $1.8700 | $1.8700 |
| Aug 25, 2023 | Sep 13, 2023 | $1.8700 | $1.8700 |
| May 26, 2023 | Jun 14, 2023 | $1.8700 | $1.8700 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Northrop Grumman has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 23 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $8.9900 | — | — |
| 2025 | $8.0500 | $8.9900 | +11.7% |
| 2024 | $7.3400 | $8.0500 | +9.7% |
| 2023 | $6.7600 | $7.3400 | +8.6% |
| 2022 | $6.1600 | $6.7600 | +9.7% |
| 2021 | $5.6700 | $6.1600 | +8.6% |
| 2020 | $5.1600 | $5.6700 | +9.9% |
| 2019 | $4.7000 | $5.1600 | +9.8% |
| 2018 | $3.9000 | $4.7000 | +20.5% |
| 2017 | $3.5000 | $3.9000 | +11.4% |
| 2016 | $3.1000 | $3.5000 | +12.9% |
| 2015 | $2.7100 | $3.1000 | +14.4% |
| 2014 | $2.3800 | $2.7100 | +13.9% |
| 2013 | $2.1500 | $2.3800 | +10.7% |
| 2012 | $1.9246 | $2.1500 | +11.7% |
| 2011 | $1.6625 | $1.9246 | +15.8% |
| 2010 | $1.5269 | $1.6625 | +8.9% |
| 2009 | $1.4185 | $1.5269 | +7.6% |
| 2008 | $1.3372 | $1.4185 | +6.1% |
| 2007 | $1.0481 | $1.3372 | +27.6% |
| 2006 | $0.9125 | $1.0481 | +14.9% |
| 2005 | $0.8041 | $0.9125 | +13.5% |
| 2004 | $0.7228 | $0.8041 | +11.3% |
| 2003 | $0.7228 | $0.7228 | 0.0% |
| 2002 | $0.7228 | $0.7228 | 0.0% |
| 2001 | $0.7228 | $0.7228 | 0.0% |
| 2000 | $0.7228 | $0.7228 | 0.0% |
| 1999 | $0.7228 | $0.7228 | 0.0% |
| 1998 | $0.7228 | $0.7228 | 0.0% |
| 1997 | $0.7228 | $0.7228 | 0.0% |
| 1996 | $0.7228 | $0.7228 | 0.0% |
| 1995 | $0.7228 | $0.7228 | 0.0% |
| 1994 | $0.7228 | $0.7228 | 0.0% |
| 1993 | $0.5421 | $0.7228 | +33.3% |
| 1992 | $0.5421 | $0.5421 | 0.0% |
| 1991 | $0.5421 | $0.5421 | 0.0% |
| 1990 | $0.5421 | $0.5421 | 0.0% |
| 1989 | $0.5421 | $0.5421 | 0.0% |
| 1988 | $0.5421 | $0.5421 | 0.0% |
| 1987 | $0.5421 | $0.5421 | 0.0% |
| 1986 | $0.5421 | $0.5421 | 0.0% |
| 1985 | $0.3162 | $0.5421 | +71.4% |
| 1984 | $0.2711 | $0.3162 | +16.7% |
| 1983 | $0.2711 | $0.2711 | 0.0% |
| 1982 | — | $0.2711 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Northrop Grumman (NOC) from the consolidated cash flow statement, in USD as filed.
Latest period
$1.32B
YoY change
+9.0%
5Y CAGR
+6.3%
Peak year (2025)
$1.29B
Latest annual
$1.29B
Cash dividends paid over time for Northrop Grumman (NOC)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Northrop Grumman (NOC)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $1.29B | +9.0% | +$107.00M | ||
| 2024 | $1.19B | +6.3% | +$70.00M | ||
| 2023 | $1.12B | +6.1% | +$64.00M | ||
| 2022 | $1.05B | +7.0% | +$69.00M | ||
| 2021 | $983.00M | +3.1% | +$30.00M | ||
| 2020 | $953.00M | +8.3% | +$73.00M | ||
| 2019 | $880.00M | +7.2% | +$59.00M | ||
| 2018 | $821.00M | +19.2% | +$132.00M | ||
| 2017 | $689.00M | +7.7% | +$49.00M | ||
| 2016 | $640.00M | +6.1% | +$37.00M | ||
| 2015 | $603.00M | +7.1% | +$40.00M | ||
| 2014 | $563.00M | +3.3% | +$18.00M | ||
| 2013 | $545.00M | +1.9% | +$10.00M | ||
| 2012 | $535.00M | -1.5% | -$8.00M | ||
| 2011 | $543.00M | -0.4% | -$2.00M | ||
| 2010 | $545.00M | +1.1% | +$6.00M | ||
| 2009 | $539.00M | +2.7% | +$14.00M | ||
| 2008 | $525.00M | +4.2% | +$21.00M | ||
| 2007 | $504.00M | +25.4% | +$102.00M | ||
| 2006 | $402.00M | +12.0% | +$43.00M | ||
| 2005 | $359.00M | +11.5% | +$37.00M | ||
| 2004 | $322.00M | +5.6% | +$17.00M | ||
| 2003 | $305.00M | +48.8% | +$100.00M | ||
| 2002 | $205.00M | +29.7% | +$47.00M | ||
| 2001 | $158.00M | +38.6% | +$44.00M | ||
| 2000 | $114.00M | +2.7% | +$3.00M | ||
| 1999 | $111.00M | +1.8% | +$2.00M | ||
| 1998 | $109.00M | +6.9% | +$7.00M | ||
| 1997 | $102.00M | +17.2% | +$15.00M | ||
| 1996 | $87.00M | — | +$87.00M | ||
| 1995 | $0 | -100.0% | -$79.00M | ||
| 1994 | $79.00M | +2.6% | +$2.00M | ||
| 1993 | $77.00M | +35.1% | +$20.00M | ||
| 1992 | $57.00M | +1.1% | +$600,000 | ||
| 1991 | $56.40M | +0.2% | +$100,000 | ||
| 1990 | $56.30M | -0.2% | -$100,000 | ||
| 1989 | $56.40M | — | — |
As of the 2025 fiscal year, Northrop Grumman (NOC) reported dividends paid of $1.29B – grew 9.0% year-over-year.
Northrop Grumman dividends paid has grown for 13 consecutive years, with a +6.3% compound annual growth rate over 2020–2025 (5 years).
The dataset's maximum dividends paid sits at $1.29B (2025); the minimum reading of $0 dates to 1995.
Northrop Grumman (NOC) sits 8th of 8 Industrials peers we track on this metric, against a peer median of $2.23B.
Northrop Grumman Dividends Paid 2025: $1.29B
Northrop Grumman dividends paid in 2025 was $1.29B, grew 9.0% from 2024. This figure represents the highest annual value in the available history.
Northrop Grumman Dividends Paid 2024: $1.19B
Northrop Grumman dividends paid in 2024 was $1.19B, grew 6.3% from 2023.
Northrop Grumman Dividends Paid 2023: $1.12B
Northrop Grumman dividends paid in 2023 was $1.12B, grew 6.1% from 2022.
Northrop Grumman Dividends Paid 2022: $1.05B
Northrop Grumman dividends paid in 2022 was $1.05B, grew 7.0% from 2021.
Northrop Grumman Dividends Paid 2021: $983.00M
Northrop Grumman dividends paid in 2021 was $983.00M.
See more financial history for Northrop Grumman (NOC).
Sector peers by dividends paid
Companies in the same sector as Northrop Grumman, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| RTX (RTX) | $3.57B | Industrials |
| Union Pacific (UNP) | $3.24B | Industrials |
| Honeywell International (HON) | $2.98B | Industrials |
| Caterpillar (CAT) | $2.75B | Industrials |
| Deere & Company (DE) | $1.72B | Industrials |
| Eaton Corporation (ETN) | $1.63B | Industrials |
| GE Aerospace (GE) | $1.45B | Industrials |
| Boeing (BA) | $0 | Industrials |
Frequently asked questions
Does Northrop Grumman pay dividends?
Yes, Northrop Grumman (NOC) pays quarterly dividends of approximately $9.24 per share annually, yielding 1.67%.
What is Northrop Grumman's dividend yield?
Northrop Grumman (NOC) has a current dividend yield of 1.67%.
Is Northrop Grumman's dividend safe?
Northrop Grumman (NOC) passes 6 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Northrop Grumman increased its dividend?
Northrop Grumman (NOC) has 23 consecutive years of dividend increases.
What is Northrop Grumman's dividend payout ratio?
Northrop Grumman (NOC) has a dividend payout ratio of 28.9%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Northrop Grumman's dividends paid?
Latest reported dividends paid for Northrop Grumman (NOC) is $1.32B (period ending March 31, 2026).
How has Northrop Grumman dividends paid changed year-over-year?
Northrop Grumman (NOC) dividends paid changed +9.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Northrop Grumman dividends paid?
Northrop Grumman (NOC) dividends paid compound annual growth rate is +6.3% over the most recent 5 years available.
When did Northrop Grumman dividends paid hit its highest annual value?
Northrop Grumman dividends paid reached its highest annual value of $1.29B in 2025.
What was Northrop Grumman dividends paid in 2024?
Northrop Grumman (NOC) dividends paid in 2024 was $1.19B.
What was Northrop Grumman dividends paid in 2025?
Northrop Grumman (NOC) dividends paid in 2025 was $1.29B.
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