Northrop Grumman to pay quarterly dividend in mid-March

The board of directors of Northrop Grumman Corp. (NYSE: NOC) recently declared a quarterly dividend of $1.45 per share on the company’s common stock.

The Falls Church, Virginia–based defense contractor, which has a facility in Rome, will pay the dividend on March 17. Shareholders of record as of the close of business on March 1 will receive the payment.

At the company’s current stock price, the dividend yields about 1.95 percent on an annual basis.

Northrop Grumman is a space, aeronautics, defense, and cyberspace company with 97,000 employees globally. It has a local site at the Griffiss Business and Technology Park.