Northrop Grumman Corporation (NYSE:NOC) announced its quarterly dividend of 55 cents per share, an increase of about 10% over its prior dividend in February of 50 cents. The dividend is payable on June 13 to shareholders of record as of May 28.
Shares are about even in afternoon trading.
In other dividend news, Anadarko Petroleum Corporation (NYSE:APC) maintained its quarterly dividend of 9 cents per share. Broadcom Corporation (BRCM) maintained its quarterly dividend of 10 cents per share. PPL Corporation (NYSE:PPL) maintained its quarterly dividend of 36 cents per share. M & T Bank Corporation (NYSE:MTB) maintained its quarterly dividend of 70 cents per share.
Among dividend increases, Ace Limited Switzerland New (ACE) announced its quarterly dividend of 49 cents per share, an increase of about 4% over its prior dividend in March of 47 cents.
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