Two Virginia companies raise dividends
The boards of Falls Church-based Northrop Grumman Corp. and West Point-based C&F Financial Corp. have raised their quarterly dividends.
Northrop Grumman’s board declared a quarterly dividend of 70 cents per share on its common stock, a 9 cent increase from the previous dividend of 61 cents per share.
The company has increased the quarterly dividend for 11 consecutive years.
The dividend is payable June 18 to shareholders of record as of the close of business June 2.
Meanwhile, C&F Financial, the parent company of C&F Bank, declared a dividend of 30 cents per common share, an increase of 1 from the previous quarter’s dividend of 29 cents.
The dividend is payable July 1 to shareholders of record on June 13.