NOV Declares Regular Quarterly Dividend

Rhea-AI Summary

NOV Inc. (NYSE: NOV) has declared a regular quarterly cash dividend of $0.05 per share, scheduled for payment on December 23, 2022. Stockholders of record as of December 9, 2022 will be eligible to receive this dividend. NOV continues to provide innovative technology solutions to the global energy sector, enhancing efficiency while aiming for a more sustainable energy future.

Positive

• Regular quarterly cash dividend of $0.05 per share enhances income for shareholders.
• Demonstrates company confidence in its financial health and commitment to returning value to investors.

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 December 23, 2022 to each stockholder of record on December 9, 2022.

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/20221116006028/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 has declared a quarterly cash dividend of $0.05 per share.

When will the NOV dividend be paid?

The NOV dividend will be paid on December 23, 2022.

What is the record date for the NOV dividend?

The record date for the NOV dividend is December 9, 2022.

How does NOV's dividend affect shareholders?

The dividend provides a source of income for shareholders and reflects the company's financial confidence.