NOV Inc. announced a quarterly cash dividend of $0.09 and a supplemental dividend of $0.09 per share.
Quiver AI Summary
NOV Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.09 per share, to be paid on June 26, 2026, to stockholders of record as of June 12, 2026. Additionally, a supplemental cash dividend of $0.09 per share will be distributed as part of the company's 2025 return of capital plan, with payment on June 12, 2026, to stockholders of record by June 1, 2026. NOV is committed to delivering technology-driven solutions for the global energy industry and has a long history of innovations aimed at safe and efficient energy production while reducing environmental impact. The press release also includes cautionary statements regarding forward-looking statements and potential risks.
Potential Positives
- NOV Inc. declared a regular quarterly cash dividend of $0.09 per share, reflecting the company's commitment to returning value to shareholders.
- The announcement of a supplemental cash dividend of $0.09 per share as part of the Company’s 2025 return of capital plan indicates strong financial performance and a focus on enhancing shareholder returns.
- The dividend payouts provide a clear signal of financial stability and confidence in ongoing business operations, which could attract potential investors.
- NOV's ability to declare both regular and supplemental dividends demonstrates strong cash flow management and financial health, bolstering investor confidence.
Potential Negatives
- The declaration of a regular and supplemental cash dividend may indicate limited reinvestment options for the company, raising concerns about its growth prospects.
- The mention of forward-looking statements and associated risks may prompt skepticism among investors regarding the company's future performance and stability.
- The press release does not provide details on the company’s current financial health or performance metrics, which could leave investors uncertain about the sustainability of these dividends.
FAQ
What is the amount of the regular quarterly dividend declared by NOV Inc.?
NOV Inc. declared a regular quarterly cash dividend of $0.09 per share of common stock.
When will the quarterly dividend be payable?
The quarterly dividend will be payable on June 26, 2026.
Who is eligible to receive the NOV dividend?
Stockholders of record on June 12, 2026, are eligible to receive the dividend.
What is the supplemental cash dividend announced by NOV?
NOV announced a supplemental cash dividend of $0.09 per share as part of its 2025 return of capital plan.
When will the supplemental dividend be distributed?
The supplemental dividend will be payable on June 12, 2026, to stockholders of record on June 1, 2026.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NOV Insider Trading Activity
$NOV insiders have traded $NOV stock on the open market 7 times in the past 6 months. Of those trades, 2 have been purchases and 5 have been sales.
Here’s a breakdown of recent trading of $NOV stock by insiders over the last 6 months:
- JOSEPH W ROVIG (President - Energy Equipment) sold 151,086 shares for an estimated $3,046,694
- CRAIG L. WEINSTOCK (Sr. VP. & Gen. Counsel) has made 0 purchases and 4 sales selling 70,000 shares for an estimated $1,405,421.
- CHRISTIAN S KENDALL has made 2 purchases buying 70,000 shares for an estimated $1,012,200 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$NOV Revenue
$NOV had revenues of $2.1B in Q1 2026. This is a decrease of -2.43% from the same period in the prior year.
You can track NOV financials on Quiver Quantitative's NOV stock page.
You can access data on NOV stock through the Quiver Quantitative API.
$NOV Hedge Fund Activity
We have seen 256 institutional investors add shares of $NOV stock to their portfolio, and 210 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC removed 17,546,054 shares (-54.0%) from their portfolio in Q1 2026, for an estimated $330,041,275
- PZENA INVESTMENT MANAGEMENT LLC removed 4,628,779 shares (-11.0%) from their portfolio in Q1 2026, for an estimated $87,067,332
- PACER ADVISORS, INC. removed 3,267,354 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $51,068,743
- JUPITER ASSET MANAGEMENT LTD added 1,955,112 shares (+inf%) to their portfolio in Q1 2026, for an estimated $36,775,656
- PRICE T ROWE ASSOCIATES INC /MD/ added 1,862,465 shares (+36.8%) to their portfolio in Q1 2026, for an estimated $35,032,966
- FIRST PACIFIC ADVISORS, LP removed 1,773,052 shares (-21.9%) from their portfolio in Q1 2026, for an estimated $33,351,108
- SQUAREPOINT OPS LLC removed 1,763,129 shares (-87.2%) from their portfolio in Q1 2026, for an estimated $33,164,456
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$NOV Price Targets
Multiple analysts have issued price targets for $NOV recently. We have seen 12 analysts offer price targets for $NOV in the last 6 months, with a median target of $21.0.
Here are some recent targets:
- David Anderson from Barclays set a target price of $21.0 on 05/08/2026
- Charles Minervino from Susquehanna set a target price of $24.0 on 04/29/2026
- James West from Evercore ISI Group set a target price of $22.0 on 04/29/2026
- Keith Mackey from RBC Capital set a target price of $22.0 on 04/29/2026
- Stephen Gengaro from Stifel set a target price of $23.0 on 04/20/2026
- Daniel Kutz from Morgan Stanley set a target price of $20.0 on 04/15/2026
- Neil Mehta from Goldman Sachs set a target price of $20.0 on 03/04/2026
Full Release
HOUSTON, May 21, 2026 (GLOBE NEWSWIRE) -- NOV Inc. (NYSE: NOV) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.09 per share of common stock, payable on June 26, 2026 to each stockholder of record on June 12, 2026.
NOV also announced today that its Board of Directors declared a supplemental cash dividend of $0.09 per share of common stock as part of the Company’s 2025 return of capital plan. The supplemental dividend is payable on June 12, 2026 to each stockholder of record on June 1, 2026.
About NOV
NOV delivers technology-driven solutions to empower the global energy industry. For more than 160 years, NOV has pioneered innovations that enable its customers to safely and efficiently produce abundant energy while minimizing environmental impact. NOV powers the industry that powers the world.
Cautionary Statement for the Purpose of the “Safe Harbor” Provisions of the Private Securities Litigation Reform Act of 1995
Statements made in this press release that are forward-looking in nature are intended to be “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934 and may involve risks and uncertainties. These statements may differ materially from the actual future events or results. Readers are referred to documents filed by NOV with the Securities and Exchange Commission, including the Annual Report on Form 10-K, which identify significant risk factors which could cause actual results to differ from those contained in the forward-looking statements. These statements speak only as of the date of this document, and we undertake no obligation to update or revise the statements, except as may be required by law.
Visit www.nov.com for more information.
Source: NOV Inc.
CONTACT:
Amie D’Ambrosio
Director, Investor Relations
(713) 375-3826
[email protected]
