NEW YORK (

TheStreet

) -- The ex-dividend date for

Northrop Grumman

(NYSE:

NOC

) is tomorrow, November 23, 2011. Owners of shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $54.60 as of 9:51 a.m. ET, the dividend yield is 3.5%.

The average volume for Northrop Grumman has been 2.5 million shares per day over the past 30 days. Northrop Grumman has a market cap of $14.83 billion and is part of the

industrial goods

sector and

aerospace/defense

industry. Shares are down 6.2% year to date as of the close of trading on Monday.

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 8.3, equal to the average aerospace/defense industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Northrop Grumman as a

buy

. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full

Northrop Grumman Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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