Intel stock extends gains after report of possible U.S. government stake
NEWPORT NEWS, Va. - HII (NYSE:HII), a global defense provider with a market capitalization of $10.2 billion, announced Wednesday that its Board of Directors has declared a quarterly cash dividend of $1.35 per share. The company has maintained an impressive track record of raising dividends for 13 consecutive years, according to InvestingPro data.
The dividend will be payable on September 12, 2025, to shareholders of record as of the close of business on August 29, 2025. At current prices, this represents a 2.1% yield, with the stock showing strong momentum, up 35% over the past six months.
HII describes itself as the nation’s largest military shipbuilder with a workforce of 44,000 employees. The company provides defense solutions across multiple domains, including ships, unmanned systems, cyber, intelligence surveillance and reconnaissance (ISR), artificial intelligence, machine learning, and synthetic training.
The company has a history spanning more than 135 years in advancing U.S. national security, according to the press release statement.
HII is headquartered in Virginia and operates as an all-domain defense provider focused on delivering ships and defense solutions.
In other recent news, HII has secured a significant $74 million contract to provide modeling and simulation capabilities for the U.S. Air Force. This task order, under HII’s Mission Technologies division, will support the U.S. Air Force Research Laboratory’s Space Vehicles Directorate over the next five years. Additionally, HII has launched the Virginia-class submarine Arkansas into the James River, marking a key step in its shipbuilding operations. TD Cowen has upgraded Huntington Ingalls’ stock rating from Hold to Buy, citing potential margin recovery as a factor for the upgrade. The firm highlighted that shipbuilding margins, which were affected by post-COVID challenges, are expected to improve significantly. In other developments, HII, along with the Woods Hole Oceanographic Institution and the U.S. Navy, has completed compatibility testing of the REMUS 620 uncrewed underwater vehicle with submarine torpedo tube systems. Furthermore, Nick Stanage, former CEO of Hexcel Corporation, has been elected to HII’s board of directors, bringing extensive experience from the aerospace and automotive industries. These recent developments indicate active engagement in both technological advancements and strategic leadership for HII.
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