Northrop Grumman (NOC) Declares $0.47 Quarterly Dividend

Northrop Grumman Corporation (NYSE: NOC) today declared a quarterly dividend of $0.47 per common share, $1.88 annualized.

The dividend is payable March 12, 2011, to shareholders of record as of the close of business Feb. 28, 2011. The ex-dividend date is February 24, 2011.

Yield on the dividend is 2.8%.

Disclosure I am long NOC shares