NOV Announces 20% Dividend Increase

Oil and gas equipment maker raises quarterly payout to shareholders.

Published on Feb. 28, 2026

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NOV Inc., a major oil and gas equipment manufacturer, announced that its board of directors has voted to increase the company's regular quarterly cash dividend by 20% to $0.09 per share of common stock. The increased dividend will be payable on March 27, 2026 to shareholders of record as of March 13, 2026.

Why it matters

The dividend increase signals NOV's confidence in its business outlook and ability to generate strong cash flows, which is important for investors. Dividend hikes are often seen as a positive sign for a company's financial health and growth prospects.

The details

NOV, which has been in business for over 150 years, provides technology-driven solutions to the global energy industry. The company says its innovations help customers safely produce abundant energy while minimizing environmental impact. The dividend increase comes as the energy industry works to advance the transition towards more sustainable operations.

  • The increased $0.09 per share quarterly dividend will be payable on March 27, 2026.
  • The dividend will be paid to shareholders of record as of March 13, 2026.

The players

NOV Inc.

A major oil and gas equipment manufacturer that has been in business for over 150 years, providing technology-driven solutions to the global energy industry.

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The takeaway

NOV's dividend increase demonstrates the company's financial strength and confidence in its ability to continue generating solid cash flows, even as the energy industry navigates the transition towards more sustainable operations.