NOV Boosts Regular Quarterly Dividend By 50% From $0.05 To $0.075 Per Share
Portfolio Pulse from Benzinga Newsdesk
NOV has announced a 50% increase in its regular quarterly dividend, raising it from $0.05 to $0.075 per share. The dividend will be payable on June 28, 2024, to stockholders of record on June 14, 2024.
May 16, 2024 | 10:33 am
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NOV has increased its regular quarterly dividend by 50%, from $0.05 to $0.075 per share. This move is likely to attract more investors looking for dividend income, potentially boosting the stock price in the short term.
A significant increase in dividends often attracts income-focused investors, which can lead to a rise in the stock price. The 50% increase is substantial and indicates confidence in the company's financial health.
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