Northrop Grumman (NOC) will raise its quarterly dividend by 12.5 percent to $0.90 per share in 2016. This is the 13th consecutive annual increase in Northrop Grumman’s common stock dividend and follows a 14.3 percent dividend increase in the previous year.

Northrop Grumman is a security company providing innovative systems, products and solutions in autonomous systems, cyber, C4ISR, space, strike, and logistics and modernization to customers worldwide. The company's segments include Aerospace Systems, Mission Systems and Technology Services. The company originally was formed in Hawthorne, California, in 1939, as Northrop Aircraft Incorporated.