NOV (NOV) Dividend Payout Ratio : 0.03 (As of Dec. 2023)

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What is NOV Dividend Payout Ratio?

NOV's dividend payout ratio for the months ended in Dec. 2023 was 0.03.

The historical rank and industry rank for NOV's Dividend Payout Ratio or its related term are showing as below:

NOV' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.08 Med: 0.4 Max: 2.93
Current: 0.08

During the past 13 years, the highest Dividend Payout Ratio of NOV was 2.93. The lowest was 0.08. And the median was 0.40.

NOV's Dividend Payout Ratio is ranked better than
95.79% of 451 companies
in the Oil & Gas industry
Industry Median: 0.44 vs NOV: 0.08

As of today (2024-04-25), the Dividend Yield % of NOV is 1.05%.

During the past 13 years, the highest Trailing Annual Dividend Yield of NOV was 6.68%. The lowest was 0.24%. And the median was 1.01%.

NOV's Dividends per Share for the months ended in Dec. 2023 was $0.05.

During the past 3 years, the average Dividends Per Share Growth Rate was 58.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -25.10% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of NOV was 69.80% per year. The lowest was -52.30% per year. And the median was -12.50% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

NOV Dividend Payout Ratio Historical Data

The historical data trend for NOV's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

NOV Dividend Payout Ratio Chart

NOV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.51

0.08

NOV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															0.19	0.16	0.13	0.17	0.03

Competitive Comparison of NOV's Dividend Payout Ratio

For the Oil & Gas Equipment & Services subindustry, NOV's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

NOV's Dividend Payout Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, NOV's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where NOV's Dividend Payout Ratio falls into.

NOV Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

NOV's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.2	/	2.5
	=	0.08

NOV's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.05	/	1.51
	=	0.03

NOV (NYSE:NOV) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

NOV Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of NOV's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

NOV (NOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NOV Inc (NYSE:NOV) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

0K58:UK NO8:Germany NO8:Germany

Address

10353 Richmond Avenue, Houston, TX, USA, 77042-4103

Website

https://www.nov.com

NOV (formerly National Oilwell Varco) is a leading supplier of oil and gas drilling rig equipment and products, such as downhole tools, drill pipe, and well casing. The company operates on a global scale, with international markets contributing more than 60% of its annual revenue.

Executives

Eric L Mattson	director	C/O REX ENERGY CORP, 366 WALKER DRIVE, STATE COLLEGE PA 16801
Christy Lynn Novak	officer: VP, Corp. Controller, CAO	C/O NOV INC., 7909 PARKWOOD CIRCLE DR., HOUSTON TX 77036
Kirk M. Shelton	officer: Pres. - Compl. and Prod. Sol.	C/O NOV INC., 7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036
Isaac H. Joseph	officer: See Remarks	C/O NOV INC., 7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036
David D Harrison	director	5500 WAYZATA BLVD., SUITE 800, GOLDEN VALLEY MN 55416
Greg L Armstrong	director
Robert S. Welborn	director	C/O NOV INC., 7909 PARKWOOD CIRCLE DR., HOUSTON TX 77036
Scott K. Duff	officer: VP Cntrlr Chf Acctg Offcr	7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036-6565
Jose A Bayardo	officer: Senior VP and CFO	11700 OLD KATY ROAD SUITE 300, HOUSTON TX 77079
Joseph W Rovig	officer: See Remarks	7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036-6565
Clay C Williams	director, officer: Chairman, President and CEO
Craig L. Weinstock	officer: Sr. VP. & Gen. Counsel	7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036-6565
Melody B Meyer	director	1 NORTH WAUKEGAN ROAD, NORTH CHICAGO IL 60064
James T Hackett	director	C/O FLUOR CORPORATION, 6700 LAS COLINAS BLVD, IRVING TX 75039
Marcela E Donadio	director	7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036-6565