Huntington Ingalls Industries, Inc. (NYSE:HII) Increases Dividend to $1.41 Per Share

Huntington Ingalls Industries (NYSE:HII) has increased its quarterly dividend by 2.2% to $1.41 per share, marking the 13th consecutive year of dividend growth. The aerospace company's dividend is well-covered by earnings, with a payout ratio of 33.1%, and analysts expect a future payout ratio of 26.5%. This dividend increase follows a strong quarterly earnings report where HII surpassed analyst expectations with $5.27 EPS on $3.42 billion revenue, driven by robust demand from the U.S. Navy.