Northrop Grumman Corporation
NOC22 yrs growthIndustrials · Stock · quarterly payer
Forward Yield
1.92%
Annual Dividend
$9.88
Payout Ratio
30%
5-Yr Growth
9.7%
Ex-Date
Aug 31, 2026
Frequency
Quarterly
Summary
As of September 2026, Northrop Grumman Corporation (NOC) yields 1.92% ($9.88 per share annually), with a blended fair-value estimate of $349.42 — -32% downside, so it screens as overvalued. Dividend safety grade: A (95/100). 22 years of dividend growth.
Is NOC a good dividend stock?
YesNorthrop Grumman Corporation (NOC) pays a quarterly dividend yielding 1.92% ($9.88/yr), with 22 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 22 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (30%)
- Strong 9.7% 5-yr dividend growth
- 43% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 1.92%
- Payout Ratio
- 30%
- Annual Dividend
- $9.88
- 5-Yr Avg Growth
- 9.7%
- Ex-Dividend Date
- Aug 31, 2026
- Years of Growth
- 22
- Frequency
- quarterly
- Beta
- -0.11
- Market Cap
- $73.2B
- P/E Ratio
- 16.4
- 5-Yr Total Return
- 43%
- 52-Week Range
- $479.02 – $774.00
- Dividend Safety
- A · 95/100
- Ever Cut?
- No
Frequently Asked Questions
NOC Price — Last 12 Months
Daily close
Price Return
1 Year
-15%
3 Years
+17%
5 Years
+43%
52-Week Range
$479.02 – $774.00
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NOC worth?
Overvaluedlow confidenceOur blended fair-value estimate for Northrop Grumman Corporation is $349.42 per share, versus a market price of $514.98. That implies 32% of downside.
Fair Value
$349.42
Current Price
$514.98
Downside
-32%
Margin of Safety
-47%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 8.1% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.3% discount rate (CAPM), 8.1% stage-1 growth, 2.5% terminal growth, $31.47 EPS, $9.88 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NOC Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 31, 2026 | — | $2.4700 | regular |
| Jun 1, 2026 | — | $2.4700 | regular |
| Feb 23, 2026 | — | $2.3100 | regular |
| Dec 1, 2025 | — | $2.3100 | regular |
| Sep 2, 2025 | — | $2.3100 | regular |
| Jun 2, 2025 | — | $2.3100 | regular |
| Mar 3, 2025 | — | $2.0600 | regular |
| Dec 2, 2024 | — | $2.0600 | regular |
| Sep 3, 2024 | — | $2.0600 | regular |
| May 24, 2024 | — | $2.0600 | regular |
| Feb 23, 2024 | — | $1.8700 | regular |
| Nov 24, 2023 | — | $1.8700 | regular |
| Aug 25, 2023 | — | $1.8700 | regular |
| May 26, 2023 | — | $1.8700 | regular |
Income Calculator
At $9.88 / yr per share
