NOC – Dividend Returns, History & Calculator

Dividend Contender 22 Years

Dividend Data

Div Yield 1.68%
5Y Avg Yield 1.39%
Current Div $2.310
Payouts/Year 4
Annualized $9.240
Previous Div $2.310
Ex-date Jun 1, 2026
Dividend Pay Date Jun 17, 2026

Price Data

Price $550.00
Price Change -13.68
Price Change % -2.43%
Next Earnings Report Jul 21, 2026
Low (52W) $472.02
High (52W) $774.00

Growth Rates

Chowder Number 11.0
DGR 1Y 49.5%
DGR 3Y 9.4%
DGR 5Y 9.3%
DGR 10Y 14.4%

Total Returns

TTR 1Y - With Specials 17.2%
TTR 3Y - With Specials 10.1%
TTR 1Y - No Specials 17.2%
TTR 3Y - No Specials 10.1%

Fair Value

Fair Value (P/E 10) $392.80
FV (P/E 10) % 40.0%
Fair Value (Peter Lynch) $159.50
FV (Peter Lynch) % 245.0%
Fair Value (Blended) $381.96
FV (Blended) % 44.0%

Financial Metrics

Revenue 1Y 2.2%
NPM 10.8%
CF/Share $32.85
ROE 28.5%
Current R 1.2x
Debt/Capital 49.0%
ROTC 13.8%
P/E 17.2x
P/BV 4.6x
PEG 4.20

Company Info

Symbol NOC
Company Northrop Grumman Corporation
Sector Industrials
Industry Aerospace & Defense
Website Visit
Market Cap $78,118.4M
📊 Financial data last updated: June 1, 2026 1:40 pm

Calculate your NOC Dividend Returns

Quickly and easily calculate NOC dividend yield using our NOC calculator. Adjust the fields below to see how your NOC investments snowball over time.

Show Idealized Scenario (Assumes all future extra investments and dividends are made on Day 1 and reinvested instantly — this creates a best-case scenario for compounding growth.)

Portfolio Growth Over Time

Data last updated: June 2, 2026 9:05 am

Year-by-Year Portfolio Growth (Realistic DRIP Scenario)

YearStart BalanceStart SharesShare PriceDividend / ShareDividend YieldYield on CostAnnual DividendTotal DividendsEnd SharesEnd Balance
1$10,00019$539.22$2.471.83%1.83%$198$19821$11,398
2$12,50121$591.38$2.731.85%2.03%$247$44524$13,947
3$15,29724$648.59$3.021.86%2.24%$301$74626$16,798
4$18,42326$711.33$3.341.88%2.48%$363$1,10928$19,986
5$21,91928$780.14$3.701.90%2.74%$433$1,54230$23,552
6$25,83030$855.60$4.091.91%3.04%$512$2,05432$27,542
7$30,20732$938.37$4.531.93%3.36%$602$2,65634$32,008
8$35,10534$1,029.14$5.011.95%3.71%$703$3,35936$37,008
9$40,58736$1,128.69$5.541.96%4.11%$817$4,17638$42,605
10$46,72638$1,237.88$6.131.98%4.55%$947$5,12339$48,873

NOC Dividend History

Ex-Date Payment Date Amount TTM Yield Forward Yield Price on Ex-Date
06/01/202606/01/2026$2.471.74%1.83%$539.22
02/23/202602/23/2026$2.311.27%1.27%$725.39
12/01/202512/01/2025$2.311.65%1.69%$545.51
09/02/202509/02/2025$2.311.48%1.57%$589.32
06/02/202506/02/2025$2.311.76%1.91%$483.38
03/03/202503/03/2025$2.061.74%1.74%$473.41
12/02/202412/02/2024$2.061.66%1.70%$484.75
09/03/202409/03/2024$2.061.50%1.58%$522.69
05/24/202405/24/2024$2.061.64%1.77%$466.43
02/23/202402/23/2024$1.871.62%1.62%$461.10
11/24/202311/24/2023$1.871.56%1.59%$471.52
08/25/202308/25/2023$1.871.68%1.74%$429.56
05/26/202305/26/2023$1.871.61%1.71%$438.32
02/24/202302/24/2023$1.731.47%1.47%$470.91
11/25/202211/25/2022$1.731.28%1.31%$527.83
08/26/202208/26/2022$1.731.36%1.43%$485.13
05/27/202205/27/2022$1.731.37%1.47%$470.76
02/25/202202/25/2022$1.571.53%1.53%$409.67
11/26/202111/26/2021$1.571.74%1.77%$353.98
08/27/202108/27/2021$1.571.66%1.72%$364.84
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Invest in NOC with Interactive Brokers

NOC 10-yr Total Return ($10,000 invested)

This analysis of NOC demonstrates the power of dividend reinvestment over a 10-year period with a $10,000 initial investment. The dividend reinvestment strategy delivered a 11.5% CAGR, representing strong long-term performance. The DRIP strategy provided 20% more total return compared to collecting dividends as cash, highlighting the compounding effect of reinvestment.

With DRIP No DRIP

Total Return with and without DRIP (NOC)

Over the selected period, investing $10,000 in NOC would grow to $35,475 with DRIP (254.8%), and $33,198 without DRIP (232.0%).

NOC Dividend Reinvestment Snowball

Investing $10,000 + $100/mo in NOC with historic price growth (9.67%) and dividend growth (10.62%) produces dramatically different outcomes depending on whether you reinvest dividends.

After 20 Years

Your Investment: $34,000

With DRIP

Portfolio: $182,507

Annual Dividend: $3,973

Yield on Cost: 11.69%

Total Dividends: $26,063

No DRIP

Portfolio: $154,104

Total Dividends: $21,059

After 30 Years

Your Investment: $46,000

With DRIP

Portfolio: $592,171

Annual Dividend: $14,053

Yield on Cost: 30.55%

Total Dividends: $101,873

No DRIP

Portfolio: $425,272

Total Dividends: $70,499

Milestones on the way

By year 13, the compounding really starts to show. Your total dividends collected reach $8,727 against a total investment of $25,600. At this point, your portfolio is throwing off $1,584 per year in dividends alone.

By year 17, the annual dividend climbs to around your initial contribution. For a starting investment of $10,000, the yearly dividend now sits at approximately $2,696, a powerful “income on autopilot” milestone.

After two decades, cumulative dividends total $26,063 versus $34,000 invested, nearly a 77% recovery of capital purely from income. Yield on cost reaches 11.69%.

At year 25, the income engine takes over. The portfolio’s annual dividend of $7,497 is greater than total contributions to date ($40,000), and cumulative dividends exceed $52,402.

By year 30, the DRIP snowball is in full force. Yearly income reaches $14,053, cumulative dividends total $101,873, and the DRIP portfolio value stands at $592,171, compared with $425,272 if dividends weren’t reinvested.

How we estimate these numbers

We use the latest calculator inputs for NOC, price $539.22, dividend per period $2.47 (4x/year), along with historic growth assumptions: price growth 9.67% and dividend growth 10.62% annually.

We simulate month by month for 30 years. Every month, a $100 contribution is added and converted to shares at that month’s price. Dividends are paid roughly evenly across the year based on the dividend frequency; in the DRIP path, each payout immediately buys additional shares at the then-current price. In the No-DRIP path, dividends accrue as cash. Prices grow using a monthly rate derived from the annual price growth. Dividends per share increase once per year at the annual dividend growth rate.

This model isn’t investment advice; it’s a simple, transparent framework that illustrates how reinvesting dividends can accelerate both income and total return over time.

Projected Future Returns & Dividends for NOC

Based on past 10-year performance, here are NOC growth metrics:

Share price CAGR of +14.76%
Dividend CAGR of +11.38%

Using NOC CAGR metrics, we can estimate that your initial $10,000 investment, over the next 10 years, should grow as follows:

NOC (DRIP)NOC (No DRIP)
Current Price$539.22$539.22
Start Shares18.5518.55
Start Value$10,000$10,000
After 10 years:
Final Share Count21.6518.55
Dividends Payment$29.02$29.02
Annual Dividends$620$538
Yield on cost6.20%5.38%
Share Price$2,137.00$2,137.00
Total Dividends$3,795$3,475
Final Value$46,265$43,106

Estimated Future Value + Dividends – NOC

Dividend History: Payments & Yield

Shows quarterly dividend payments with trailing yield and a 5-year rolling average overlay. Use the range pills to switch the visible period.

Yield Dividend

Dividend Growth

Lifetime quarterly dividend amounts, with range controls for 1Y/2Y/5Y/10Y. Useful to visualize the cadence and pace of dividend increases over time.

Dividend

Dividend Payments & Yield

Quarterly dividends with TTM yield and a 5‑year rolling average overlay. Helps compare current yield versus recent history across different ranges.

Dividend 5-yr Rolling AVG Yield

NOC Dividend History

Ex-Date Payment Date Amount TTM Yield Forward Yield Price on Ex-Date
06/01/202606/01/2026$2.471.74%1.83%$539.22
02/23/202602/23/2026$2.311.27%1.27%$725.39
12/01/202512/01/2025$2.311.65%1.69%$545.51
09/02/202509/02/2025$2.311.48%1.57%$589.32
06/02/202506/02/2025$2.311.76%1.91%$483.38
03/03/202503/03/2025$2.061.74%1.74%$473.41
12/02/202412/02/2024$2.061.66%1.70%$484.75
09/03/202409/03/2024$2.061.50%1.58%$522.69
05/24/202405/24/2024$2.061.64%1.77%$466.43
02/23/202402/23/2024$1.871.62%1.62%$461.10
11/24/202311/24/2023$1.871.56%1.59%$471.52
08/25/202308/25/2023$1.871.68%1.74%$429.56
05/26/202305/26/2023$1.871.61%1.71%$438.32
02/24/202302/24/2023$1.731.47%1.47%$470.91
11/25/202211/25/2022$1.731.28%1.31%$527.83
08/26/202208/26/2022$1.731.36%1.43%$485.13
05/27/202205/27/2022$1.731.37%1.47%$470.76
02/25/202202/25/2022$1.571.53%1.53%$409.67
11/26/202111/26/2021$1.571.74%1.77%$353.98
08/27/202108/27/2021$1.571.66%1.72%$364.84
05/28/202105/28/2021$1.571.62%1.72%$365.87
02/26/202102/26/2021$1.451.99%1.99%$291.66
11/27/202011/27/2020$1.451.85%1.90%$306.03
08/28/202008/28/2020$1.451.61%1.68%$344.75
05/29/202005/29/2020$1.451.61%1.73%$335.20
02/21/202002/21/2020$1.321.45%1.45%$365.01
11/29/201911/29/2019$1.321.47%1.50%$351.77
09/06/201909/06/2019$1.321.37%1.44%$367.77
05/31/201905/31/2019$1.321.62%1.74%$303.25
02/22/201902/22/2019$1.201.66%1.66%$288.71
11/30/201811/30/2018$1.201.81%1.85%$259.88
08/24/201808/24/2018$1.201.51%1.61%$298.04
06/01/201806/01/2018$1.201.30%1.45%$329.99
03/02/201803/02/2018$1.101.20%1.28%$343.05
12/01/201712/01/2017$1.001.30%1.34%$299.63
08/24/201708/24/2017$1.001.42%1.49%$268.54
06/01/201706/01/2017$1.001.44%1.55%$257.61
03/02/201703/02/2017$0.9001.48%1.48%$243.07
12/01/201612/01/2016$0.9001.41%1.45%$249.07
08/25/201608/25/2016$0.9001.59%1.69%$213.44
06/02/201606/02/2016$0.9001.55%1.69%$213.38
02/25/201602/25/2016$0.8001.66%1.66%$192.93
11/25/201511/25/2015$0.8001.65%1.70%$187.77
08/27/201508/27/2015$0.8001.80%1.92%$167.08
05/28/201505/28/2015$0.8001.81%1.99%$160.48
02/26/201502/26/2015$0.7001.68%1.68%$166.31
11/26/201411/26/2014$0.7001.92%1.98%$141.45
08/28/201408/28/2014$0.7002.06%2.21%$126.88
05/29/201405/29/2014$0.7002.10%2.33%$120.20
02/27/201402/27/2014$0.6102.03%2.03%$120.02
11/27/201311/27/2013$0.6102.09%2.14%$113.95
08/29/201308/29/2013$0.6102.49%2.62%$93.06
05/23/201305/23/2013$0.6102.80%3.03%$80.64
02/28/201302/28/2013$0.5503.35%3.35%$65.68
11/21/201211/21/2012$0.5503.31%3.39%$64.93
08/23/201208/23/2012$0.5503.14%3.29%$66.92
05/23/201205/23/2012$0.5503.50%3.75%$58.64
02/23/201202/23/2012$0.5003.35%3.35%$59.62
11/23/201111/23/2011$0.5003.63%3.78%$52.97
08/25/201108/25/2011$0.5003.61%3.90%$51.24
05/26/201105/26/2011$0.5002.76%3.11%$64.36
02/24/201102/24/2011$0.4252.81%2.81%$60.53
11/24/201011/24/2010$0.4252.96%3.02%$56.20
08/26/201008/26/2010$0.4253.30%3.44%$49.35
05/27/201005/27/2010$0.4252.88%3.08%$55.14
02/25/201002/25/2010$0.3892.81%2.81%$55.22
11/25/200911/25/2009$0.3893.02%3.08%$50.51
08/27/200908/27/2009$0.3893.37%3.49%$44.57
05/28/200905/28/2009$0.3893.40%3.59%$43.33
02/26/200902/26/2009$0.3614.06%4.06%$35.62
11/26/200811/26/2008$0.3613.90%3.97%$36.38
08/21/200808/21/2008$0.3612.22%2.31%$62.69
05/29/200805/29/2008$0.3612.02%2.14%$67.63
02/28/200802/28/2008$0.3341.85%1.85%$72.25
11/21/200711/21/2007$0.3341.89%1.89%$70.67
08/23/200708/23/2007$0.3341.84%1.94%$69.10
05/24/200705/24/2007$0.3341.79%1.97%$67.83
03/01/200703/01/2007$0.3341.76%2.05%$65.26
11/22/200611/22/2006$0.2711.76%1.82%$59.69
08/24/200608/24/2006$0.2711.70%1.82%$59.50
05/25/200605/25/2006$0.2711.65%1.84%$59.04
02/23/200602/23/2006$0.2351.59%1.59%$58.99
11/23/200511/23/2005$0.2351.79%1.84%$51.04
08/25/200508/25/2005$0.2351.76%1.87%$50.33
05/26/200505/26/2005$0.2351.72%1.88%$50.01
02/24/200502/24/2005$0.2081.76%1.76%$47.30
11/24/200411/24/2004$0.2081.57%1.63%$51.08
08/26/200408/26/2004$0.2081.66%1.78%$46.67
05/20/200405/20/2004$0.2081.67%1.85%$44.93
02/26/200402/26/2004$0.1811.58%1.58%$45.83
11/26/200311/26/2003$0.1811.72%1.72%$41.98
08/29/200308/29/2003$0.1811.68%1.68%$43.13
05/30/200305/30/2003$0.1811.82%1.82%$39.62
02/27/200302/27/2003$0.1811.84%1.84%$39.30
11/27/200211/27/2002$0.1811.63%1.63%$44.30
08/29/200208/29/2002$0.1811.30%1.30%$55.45
05/23/200205/23/2002$0.1811.30%1.30%$55.46
02/28/200202/28/2002$0.1811.49%1.49%$48.36
11/29/200111/29/2001$0.1811.71%1.71%$42.17
08/23/200108/23/2001$0.1811.97%1.97%$36.77
05/24/200105/24/2001$0.1811.85%1.85%$39.12
03/01/200103/01/2001$0.1811.70%1.70%$42.55
11/22/200011/22/2000$0.1811.97%1.97%$36.65
08/24/200008/24/2000$0.1812.10%2.10%$34.39
05/25/200005/25/2000$0.1812.15%2.15%$33.63
02/24/200002/24/2000$0.1813.48%3.48%$20.75
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Dividend Payout Ratio

Tracks the percentage of earnings paid out as dividends each quarter. Lower and stable ratios often indicate safer, more sustainable payouts.

Payout Ratio

Dividend to Free Cash Flow Ratio

Shows dividends as a percentage of free cash flow. Consistently high values may signal limited reinvestment capacity or potential dividend risk.

Dividend/FCF Ratio

Share Price

Historical closing price with range controls. Table view includes quarter-over-quarter and year-over-year changes for additional context.

NOC Price

Price to Earnings

NOC trades at a 112.4x price-to-earnings ratio. This elevated valuation suggests investors expect strong future growth.

Price to Sales

NOC trades at a 10.0x price-to-sales ratio, providing insight into market valuation relative to revenue generation.

Revenue

NOC generated $9.9B in revenue.

Net Income

NOC reported $0.9B in net income. Net income has declined by 29% over the period.

Revenue vs Net Income

NOC generated $9.9B in revenue with net income of $0.9B, representing a 8.9% net profit margin.

Gross Profit

NOC achieved $8.0B in gross profit, showing revenue after direct production costs.

Operating Income

NOC generated $3.5B in operating income, representing profit from core business operations.

EBITDA

NOC generated $4.0B in EBITDA, measuring operational profitability before interest, taxes, depreciation, and amortization.

Operating Cash Flow

NOC generated $1.0B in operating cash flow, demonstrating the company’s ability to convert earnings into cash.

Free Cash Flow

NOC generated $0.7B in free cash flow. Free cash flow has decreased by 39% over the period.

Free Cash Flow / Share

NOC generates $4.65 in free cash flow per share. FCF per share has declined by 39% over the period.

Earnings Per Share (EPS)

NOC reported $6.16 in earnings per share. EPS has declined by 29% over the period.

Return on Equity (ROE)

NOC delivered a 7.4% return on equity, indicating how effectively the company generates returns for shareholders.

Return on Assets (ROA)

NOC achieved a 4.4% return on assets, measuring how efficiently the company uses its assets to generate profit.

Net Profit Margin

NOC maintains a 8.9% net profit margin, showing the percentage of revenue retained as profit after all expenses.

Gross Profit Margin

NOC operates with a 80.8% gross profit margin, reflecting pricing power and cost efficiency in core operations.

Cash & Debt

NOC holds $1.5B in cash against $0.5B in debt, resulting in a net cash position of $1.0B.

Shares Outstanding

NOC has 0.1B shares outstanding.

Stock-Based Comp

NOC reported $0.2B in stock-based compensation.

FCF vs Stock Based Comp

NOC generated $0.7B in free cash flow while spending $0.2B on stock-based compensation, representing 37% of FCF.

FCF vs FCF / Share

NOC reported $0.7B in free cash flow, translating to $4.65 per share.

Revenue: Actual + Estimates

This chart tracks NOC revenue: actual + estimates metrics over time, providing insights into the company’s financial performance and trends.

EPS: Actual + Estimates

This chart tracks NOC eps: actual + estimates metrics over time, providing insights into the company’s financial performance and trends.

Net Income: Actual + Estimates

This chart tracks NOC net income: actual + estimates metrics over time, providing insights into the company’s financial performance and trends.

EBITDA: Actual + Estimates

This chart tracks NOC ebitda: actual + estimates metrics over time, providing insights into the company’s financial performance and trends.

About Northrop Grumman Corporation

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. It operates through four segments: Aeronautics Systems, Defense Systems, Mission Systems and Space Systems. Th

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Disclaimer: The information on this page is for educational and entertainment purposes only and does not constitute financial advice. Do your own research and consult a qualified financial advisor before making investment decisions. Data sources include Yahoo Finance and other third-party providers and may contain errors or delays.

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