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 story : NOV reinstates quarterly dividend, last paid in March 2020 #FinanceUSA #StockMarketNEWS NOV Inc. said Thursday it will reinstate its quarterly dividend of 5 cents a share, payable on Dec. 17 to shareholders

@stockMarketNEWS 11 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

NOV reinstates quarterly dividend, last paid in March 2020 #FinanceUSA #StockMarketNEWS
NOV Inc. said Thursday it will reinstate its quarterly dividend of 5 cents a share, payable on Dec. 17 to shareholders of record on Dec. 3. The provider of equipment to the oil and gas industry last paid a dividend in March 2020. "Reinstating a regular quarterly dividend demonstrates our continued commitment to returning excess capital to our shareholders along with our growing confidence in the emerging recovery of our business," said Chief Executive Clay Williams. Based on the stock's Wednesday closing price of .82, the annual dividend rate implies a dividend yield of 1.56%, compared with the yield for the SPDR Energy Select Sector ETF of 3.78% and the implied yield for the S&P 500 of 1.31%.


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