NOV Declares Regular Quarterly Dividend

Rhea-AI Summary

NOV Inc. (NYSE: NOV) announced a quarterly cash dividend of $0.05 per share, payable on March 31, 2023, to stockholders of record as of March 17, 2023. This reflects the company's ongoing commitment to returning value to its shareholders. With over 150 years of experience, NOV continues to provide technology-driven solutions aimed at enhancing efficiency in the energy sector while minimizing environmental impact. The firm remains focused on supporting the global energy industry through innovative practices and expertise, contributing to the transition towards a sustainable energy future.

Positive

• Quarterly cash dividend of $0.05 per share signifies ongoing commitment to shareholder returns.
• Long-standing track record of over 150 years demonstrates stability and expertise in the energy industry.

Negative

• None.

HOUSTON--(BUSINESS WIRE)-- NOV Inc. (NYSE: NOV) today announced that its Board of Directors declared the regular quarterly cash dividend of $0.05 per share of common stock, payable on March 31, 2023 to each stockholder of record on March 17, 2023.

About NOV

NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV’s deep expertise and technology to continually improve oilfield operations and assist in efforts to advance the energy transition towards a more sustainable future. NOV powers the industry that powers the world.

Visit www.nov.com for more information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230224005422/en/

Blake McCarthy

Vice President, Corporate Development and Investor Relations

(713) 815-3535

Blake.McCarthy@nov.com

Source: NOV Inc.

FAQ

What is the dividend amount declared by NOV?

NOV declared a quarterly cash dividend of $0.05 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on March 31, 2023.

What is the record date for NOV's dividend?

The record date for the dividend is March 17, 2023.

How often does NOV pay dividends?

NOV typically pays dividends quarterly.