Northrop Grumman: Dividend Insights
Portfolio Pulse from Benzinga Insights
Northrop Grumman (NYSE:NOC) announced a quarterly dividend of $1.87 per share, with Thursday being the last day for investors to be eligible for the payout. The stock will go ex-dividend on Friday, meaning it will trade lower by the dividend amount. The dividend is scheduled to be paid on December 13, 2023.
November 21, 2023 | 2:45 pm
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Northrop Grumman will pay a $1.87/share dividend, with shares trading lower by the dividend amount on the ex-dividend date, Friday.
Northrop Grumman's stock is expected to open lower on the ex-dividend date as the stock price adjusts for the dividend payout. This is a common occurrence and is typically priced into the stock. The impact is short-term and reflects the dividend distribution rather than a change in the company's fundamentals.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100