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Northrop Grumman Corporation (NOC) logo

Northrop Grumman Corporation

S&P 500
NOC|Industrials|Aerospace & Defense|$549.52|P/E 17.2|MCap 78.1B|NYSE

Last update: May 9, 2026 at 09:32

Dividend Safety Rating

77/ 100Safe

NOC's dividend appears safe and well-supported. Strengths include a 29.0% earnings payout ratio & 40.1% fcf payout ratio. Areas of concern: 19.8% gross margin & Volatile profit margin stability. The dividend has been growing at a 9.66% 5-year CAGR.

Based on 14 of 15 metrics

Strengths

  • Earnings Payout Ratio: 29.0%Low earnings payout ratio leaves room to grow the dividend.
  • CFO Payout Ratio: 20.2%Operating cash flow strongly supports the payout.
  • Return on Equity: 28.5%Strong return on equity reflects efficient profit generation.

Risks

  • Gross Margin: 19.8%Gross margin is low and limits flexibility.
  • Profit Margin Stability: VolatileProfit margins have been volatile.

Payout & Coverage

Very Safe
Earnings Payout Ratio
29.0%Very Safe
FCF Payout Ratio
40.1%Safe
CFO Payout Ratio
20.2%Very Safe
Interest Coverage
8.6xSafe

Balance Sheet

Safe
Net Debt / Total Assets
N/AN/A
Current Ratio
1.2xCaution
Debt-to-Equity
102.7Safe

Profitability

Caution
Return on Equity
28.5%Very Safe
Operating Margin
11.7%Caution
Gross Margin
19.8%Warning
Profit Margin Stability
VolatileWarning

Dividend Track Record

Very Safe
Dividend Streak
11+ yrsVery Safe
Dividend Cut
NoneVery Safe
5-Year Dividend CAGR
9.7%Safe
Earnings Stability
GrowingVery Safe

About Northrop Grumman Corporation

Northrop Grumman Corporation is a global aerospace and defense technology company. It operates through four key segments: Aeronautics Systems, which designs, develops, produces, integrates, sustains, and modernizes advanced aircraft systems including manned and unmanned autonomous aircraft for military and government customers; Defense Systems, providing integrated battle management, weapons systems, and mission sustainment; Mission Systems, delivering advanced mission solutions and multifunction systems for defense, intelligence, and international clients; and Space Systems, offering end-to-end solutions for space, missile defense, launch, and strategic missile programs serving national security, civil government, and commercial needs. The company supports U.S. military branches like the Air Force and Navy, other government agencies, and international partners across regions including the United States, Asia/Pacific, and Europe. Founded in 1939 and headquartered in Falls Church, Virginia, Northrop Grumman Corporation plays a critical role in advanced defense technologies and national security missions.

Dividend Overview

Dividend Yield

1.68%

Annual Dividend

$9.24

Frequency

Quarterly

Payout Ratio

28.97%

FCF Payout Ratio

40.06%

Stock Price

$549.52

52-Week Range

$453.01 $774.00

Dividend History (2016–2025)

NOC annual dividend per share and yield history

Earnings & Profitability

NOC earnings per share and net profit margin

Key Dates

Last Ex-Dividend Date

February 23, 2026

Last Payment Date

March 11, 2026

Dividend Growth

3-Year Dividend CAGR

9.97%

5-Year Dividend CAGR

9.66%

10-Year Dividend CAGR

11.23%

3-Year Total Growth

32.99%

5-Year Total Growth

58.55%

10-Year Total Growth

190.00%

Income Calculator

NOC Dividend Calculator

Total Investment

$54,952.00

Annual Income

$924.00

Quarterly Income

$231.00

Monthly Income

$77.00

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Frequently Asked Questions

What is NOC's current dividend yield?
Northrop Grumman Corporation (NOC) currently has a dividend yield of 1.68%, based on a stock price of $549.52 and an annual dividend of $9.24.
When is NOC's next dividend payment date?
NOC's next ex-dividend date is 2026-02-23 and the next payment date is 2026-03-11. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does NOC pay in dividends per year?
Northrop Grumman Corporation paid $8.99 per share in annual dividends in 2025. The dividends are paid quarterly.
Has NOC been increasing its dividend?
Northrop Grumman Corporation has grown its dividend at a 5-year CAGR of 9.66% and a 10-year CAGR of 11.23%.
Is NOC's dividend safe?
Northrop Grumman Corporation has a payout ratio of 28.97%. Its free cash flow payout ratio is 40.06%. A payout ratio below 60% is generally considered sustainable.
How is NOC's Dividend Safety Rating calculated?
The Dividend Safety Rating evaluates Northrop Grumman Corporation's dividend sustainability across four categories: Payout & Coverage (30%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (30%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for industrials companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.