NOV Announces 20 Percent Increase in Regular Quarterly Dividend

Rhea-AI Summary

NOV (NYSE:NOV) said its Board approved a 20% increase to the regular quarterly cash dividend, raising it to $0.09 per share. The dividend is payable March 27, 2026 to holders of record as of March 13, 2026.

Positive

• Dividend increase of 20% to $0.09 per share
• Payment date set for March 27, 2026 with record date March 13, 2026

Negative

• Higher cash outflow for the quarter beginning with the March 27, 2026 payment

HOUSTON, Feb. 20, 2026 (GLOBE NEWSWIRE) -- NOV Inc. (NYSE: NOV) announced today that its Board of Directors voted to increase its regular quarterly cash dividend by 20 percent to $0.09 per share of common stock. The quarterly dividend is payable on March 27, 2026 to each stockholder of record on March 13, 2026.

About NOV
NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV’s deep expertise and technology to continually improve oilfield operations and assist in efforts to advance the energy transition towards a more sustainable future. 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.

CONTACT: 
Amie D’Ambrosio
Director, Investor Relations
(713) 375-3826
amie.dambrosio@nov.com

FAQ

What dividend change did NOV (NYSE:NOV) announce on February 20, 2026?

NOV announced a 20% increase in its regular quarterly cash dividend to $0.09 per share. According to the company, the Board voted to raise the regular quarterly cash dividend effective for the March 27, 2026 payment.

When is the NOV dividend payable and what is the record date for the March 2026 payment?

The dividend is payable on March 27, 2026 with a record date of March 13, 2026. According to the company, shareholders of record on March 13 will receive the cash dividend on the March 27 payment date.

How much will NOV (NOV) pay per share after the February 20, 2026 dividend increase?

NOV will pay $0.09 per share for the regular quarterly cash dividend after the increase. According to the company, this reflects a 20% rise versus the prior regular quarterly dividend amount.

Does the February 20, 2026 NOV dividend announcement affect shareholders of record timing?

Yes. Shareholders must be on the register by March 13, 2026 to receive the dividend paid March 27, 2026. According to the company, the record date determines who is eligible for the March 27 distribution.

What does NOV's 20% dividend increase mean for investor cash returns in Q1 2026?

The increase raises the regular quarterly cash return to shareholders to $0.09 per share for the March payment. According to the company, the Board approved the higher cash dividend payable March 27, 2026 to record holders on March 13.