Northrop Grumman Stock To Go Ex-dividend Tomorrow (NOC)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Northrop Grumman (NYSE: NOC) is tomorrow, February 28, 2013. Owners of shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $64.95 as of 9:35 a.m. ET, the dividend yield is 3.4%.

The average volume for Northrop Grumman has been 1.8 million shares per day over the past 30 days. Northrop Grumman has a market cap of $15.35 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are down 3.7% year to date as of the close of trading on Tuesday.

Northrop Grumman Corporation provides systems, products, and solutions in aerospace, electronics, information systems, and technical service areas to government and commercial customers worldwide. The company has a P/E ratio of 8.3, 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 increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, notable return on equity and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Northrop Grumman Ratings Report.

See our dividend calendar or top-yielding stocks list.

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