Dividend declared by National Oilwell Varco

 

With operations across Oklahoma, National Oilwell Varco, Inc. has announced a 5-cent a share dividend.

The Houston, Texas based company indicated its Board of Directors declared the regular quarterly cash dividend payable on Dec. 21, 2018 to each stockholder of record on Dec.7, 2018.

The company’s coming off the end of the third quarter where it reported revenues of $2.15 billion which was a 2 percent increase over second quarter earnings and a 17 percent jump over a year ago.

The company’s operating profit for the third quarter was $73 million and adjusted earnings was $245 million with net income of $1 million.