FALLS CHURCH, Va., May 15, 2013 /PRNewswire/ -- The board of directors of Northrop Grumman Corporation (NYSE: NOC) declared a quarterly dividend of $0.61 per share on Northrop Grumman common stock, an 11 percent increase from the prior quarterly dividend of $0.55 per share. This is the tenth consecutive annual increase in Northrop Grumman's quarterly common stock dividend. The dividend is payable June 12, 2013, to shareholders of record as of the close of business May 28, 2013.
"Today's double-digit dividend increase demonstrates our continued commitment to a balanced cash deployment strategy that includes a competitive dividend," said Wes Bush, chairman, chief executive officer and president.
Northrop Grumman is a leading global security company providing innovative systems, products and solutions in unmanned systems, cybersecurity, C4ISR, and logistics and modernization to government and commercial customers worldwide. Please visit www.northropgrumman.com for more information.SOURCE Northrop Grumman Corporation