By Mary de Wet


Northrop Grumman increased its quarterly dividend by 10%.

The aerospace and defense-technology company will pay $2.06 a share on June 12 to shareholders of record as of May 28.

The new payout, equal to $8.24, represents an annual yield of 1.7% based on Tuesday's closing price of $474.07.

Northrop Grumman said the boost was its 21st consecutive annual increase to its dividend.


Write to Mary de Wet at mary.dewet@dowjones.com


(END) Dow Jones Newswires

05-14-24 1801ET