Huntington Ingalls Industries Declares $1.38 Quarterly Dividend; Defense Budget Earmarks $65B
HII declared a quarterly cash dividend of $1.38 per share, payable June 12, 2026, to shareholders of record on May 29, 2026. The U.S. defense budget request for fiscal 2027 includes over $65 billion for 18 warships and 16 support ships to be built by Huntington Ingalls Industries and General Dynamics.
1. Quarterly Dividend Declared
HII’s Board of Directors approved a quarterly cash dividend of $1.38 per share, payable on June 12, 2026, to shareholders of record as of the close of business on May 29, 2026. This marks the company’s ongoing commitment to returning capital to investors amid steady cash flow from its shipbuilding operations.
2. Fiscal 2027 Defense Budget Allocation
The proposed $1.5 trillion U.S. defense budget for fiscal 2027 allocates over $65 billion for the procurement of 18 warships and 16 support ships, with Huntington Ingalls Industries designated alongside General Dynamics as a primary builder. This funding underpins HII’s order backlog and underwrites future vessel construction programs.