NOV Inc. (NYSE:NOV) Announces Quarterly Dividend of $0.09

NOV Inc. (NYSE:NOV) declared a quarterly dividend on Friday, November 13th. Investors of record on Friday, December 4th will be paid a dividend of $0.09 per share by the oil and gas exploration company on Friday, December 18th. This represents a $0.36 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, December 4th.

NOV has raised its dividend by an average of 0.6% annually over the last three years and has increased its dividend every year for the last 1 years. NOV has a dividend payout ratio of 26.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect NOV to earn $1.28 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 28.1%.

NOV Trading Up 1.4%

NOV stock traded up $0.26 during trading hours on Friday, reaching $18.05. The company had a trading volume of 2,554,002 shares, compared to its average volume of 4,229,122. The firm has a market cap of $6.44 billion, a price-to-earnings ratio of 45.14, a P/E/G ratio of 2.97 and a beta of 0.96. The company has a 50-day moving average price of $19.42 and a 200 day moving average price of $19.64. NOV has a 12-month low of $14.30 and a 12-month high of $21.93. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.66.

NOV (NYSE:NOV) last released its quarterly earnings results on Wednesday, October 28th. The oil and gas exploration company reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. NOV had a return on equity of 4.23% and a net margin of 1.65%. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the previous year, the company posted $0.11 EPS. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. Equities analysts forecast that NOV will post 1.01 earnings per share for the current year.

About NOV

NOV Inc. designs, manufactures and supports equipment and technology used across the oil and gas industry. Its offerings include drilling systems and components, downhole tools, tubular-handling equipment, and products and services for well completion and production. The company also provides equipment and integrated systems for land and offshore drilling rigs, along with aftermarket parts, maintenance and other field services. NOV serves customers worldwide, including drilling contractors, oilfield service companies and energy producers.