NOV Inc (NOV) Declares $0.075 Quarterly Dividend; 1.6% Yield
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NOV Announces 50 Percent Increase in Regular Quarterly Dividend
May 16, 2024 6:30 AM EDTHOUSTON--(BUSINESS WIRE)-- NOV Inc. (NYSE: NOV) today announced that its board of directors declared the regular quarterly cash dividend of $0.075 per share of common stock, payable on June 28, 2024 to each stockholder of record on June 14, 2024.
This 50 percent increase in NOVs base dividend is consistent with the return of capital framework announced on April 25, 2024, under which the Company expects to return at least 50 percent of Excess Free Cash Flow (defined as cash flow from operations less capital expenditures and other... More
