NOV Declares Regular Quarterly Dividend

Rhea-AI Summary

NOV Inc. (NYSE: NOV) declared a quarterly cash dividend of $0.05 per share, payable on June 24, 2022, to stockholders of record on June 10, 2022. This decision reflects the company's commitment to returning value to its shareholders. NOV has over 150 years of experience in delivering technology-driven solutions to the energy industry, focusing on safe energy production while minimizing environmental impact. Their expertise supports advancements towards a sustainable energy future.

Positive

• Quarterly cash dividend of $0.05 per share enhances shareholder income.
• Demonstrates company confidence in ongoing financial stability.

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 June 24, 2022 to each stockholder of record on June 10, 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/20220524006127/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 Inc.?

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

When will the dividend be paid to NOV shareholders?

The dividend will be paid on June 24, 2022.

What is the record date for NOV's dividend?

The record date for the dividend is June 10, 2022.

How often does NOV Inc. pay dividends?

NOV Inc. typically pays dividends quarterly.

Is the dividend from NOV Inc. sustainable?

The sustainability of the dividend can depend on the company's ongoing financial performance and market conditions.