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NEW YORK (

TheStreet

) -- The ex-dividend date for

Northrop Grumman Corporation

(NYSE:

NOC

) is tomorrow, February 24, 2011. Owners of shares as of market close today will be eligible for a dividend of 47 cents per share. At a price of $67.65 as of 9:32 a.m. ET, the dividend yield is 2.7%.

The average volume for Northrop Grumman has been 1.7 million shares per day over the past 30 days. Northrop Grumman has a market cap of $20.1 billion and is part of the

industrial goods

sector and

aerospace/defense

TheStreet Recommends

industry. Shares are up 4.3% year to date as of the close of trading on Tuesday.

Northrop Grumman Corporation provides products, services, and solutions in aerospace, electronics, information systems, shipbuilding, and technical service sectors. The company has a P/E ratio of 10.2, above the average aerospace/defense industry P/E ratio of 10.1 and below the S&P 500 P/E ratio of 23.2.

TheStreet Ratings rates Northrop Grumman as buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, attractive valuation levels, good cash flow from operations, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Northrop Grumman Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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