NOV Declares Regular Quarterly Dividend

Rhea-AI Summary

NOV Inc. (NYSE: NOV) has declared a regular quarterly cash dividend of $0.05 per share, set to be paid on March 25, 2022. Stockholders on record as of March 11, 2022 will receive this dividend. The company emphasizes its commitment to providing technology-driven solutions for the global energy industry, aiming to enhance safety and minimize environmental impact.

Positive

• Quarterly cash dividend of $0.05 per share enhances shareholder income.
• Demonstrates continued commitment to returning value to shareholders.

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 25, 2022 to each stockholder of record on March 11, 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/20220301006306/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 NOV's dividend be paid?

The dividend will be paid on March 25, 2022.

Who is eligible for the NOV dividend?

Stockholders of record as of March 11, 2022, will be eligible for the dividend.

How frequently does NOV pay dividends?

NOV typically pays dividends on a quarterly basis.

Is the dividend from NOV sustainable?

The sustainability of dividends depends on the company's ongoing financial performance and market conditions.