Huntington Ingalls Industries Maintains Quarterly Dividend at $1.38
Huntington Ingalls Industries Maintains Quarterly Dividend at $1.38
Huntington Ingalls Industries, Inc. has declared a quarterly dividend of $1.38 per share, maintaining the same payout rate as the previous period. The dividend is scheduled to be paid on September 11 to shareholders of record as of the close of business on August 28.
The announcement comes as the shipbuilder’s stock experiences volatility. HII shares are currently trading at $288.16, reflecting a decline of nearly 4% from the previous close of $300.00. The company holds a market capitalization of approximately $10.87 billion and operates within the Industrials sector, specifically in Aerospace & Defense.
Huntington Ingalls Industries serves as the sole builder of U.S. Navy aircraft carriers and one of two providers of U.S. Navy submarines. The company’s operations are divided into three primary segments: Ingalls, Newport News, and Mission Technologies. The Ingalls and Newport News segments focus on the design and construction of surface combatants and nuclear-powered submarines, while Mission Technologies provides fleet support and integrated defense solutions.
By holding the dividend steady, the Virginia-based industrial firm continues its pattern of returning capital to stockholders while managing its cash flow amidst large-scale shipbuilding programs.
What to watch
- Payment date: September 11, 2024.
- Ex-dividend date timing relative to the record date of August 28.
- Future quarterly dividend declarations for any changes in payout policy.
Source: original release