The revised payout brings the total annual dividend to $0.36 per share. Based on Thursday’s closing stock price of $20.24, the company’s annual yield has climbed to approximately 1.78%, up from its previous level of 1.48%.

Dividend Timeline and Eligibility

The increased dividend is scheduled for payment on March 27 to stockholders of record as of the close of business on March 13. This adjustment follows a broader trend among energy infrastructure firms prioritizing shareholder returns through consistent cash distributions.

As a major supplier of equipment and technology to the energy industry, NOV continues to leverage its balance sheet to reward long-term investors. According to the company statement, the board's decision reflects confidence in the firm's ability to generate stable cash flow despite the inherent volatility of the global commodities market.