NOV Inc. (NOV) To Go Ex-Dividend on September 11th

NOV Inc. (NYSE:NOV) announced a quarterly dividend on Tuesday, August 18th. Stockholders of record on Friday, September 11th will be paid a dividend of 0.09 per share by the oil and gas exploration company on Friday, September 25th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, September 11th.

NOV has increased its dividend by an average of 0.6%annually over the last three years and has raised its dividend every year for the last 1 years. NOV has a dividend payout ratio of 26.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect NOV to earn $1.32 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 27.3%.

NOV Stock Performance

NOV opened at $20.70 on Thursday. The firm has a fifty day moving average price of $19.56 and a 200 day moving average price of $19.64. NOV has a 1 year low of $12.09 and a 1 year high of $21.67. The stock has a market cap of $7.38 billion, a P/E ratio of 79.60 and a beta of 0.92. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.42 and a quick ratio of 1.61.

NOV (NYSE:NOV) last released its quarterly earnings data on Tuesday, July 28th. The oil and gas exploration company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.14. NOV had a net margin of 1.10% and a return on equity of 3.44%. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the previous year, the company earned $0.29 earnings per share. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities research analysts anticipate that NOV will post 0.97 earnings per share for the current year.

NOV Company Profile

National Oilwell Varco (NYSE: NOV) is a leading provider of equipment and technology to the oil and gas industry. The company designs, manufactures and services an extensive portfolio of products used in drilling, completion and production operations. Its offerings include drilling rigs and related components, wellbore technologies such as tubulars and completion tools, surface equipment including mud pumps and blowout preventers, and aftermarket parts and services that support ongoing field operations.

NOV’s business is organized to serve upstream energy companies around the world.