Dividend declared by National Oilwell Varco after quarterly drop in earnings

With operations in Oklahoma as well as a subsidiary plant in Oklahoma City, National Oilwell Varco, Inc. announced a 5-cent a share dividend this week.

The Houston-based company said its Board of Directors declared the regular quarterly cash dividend of $0.05 per share of common stock to be payable on June 28, 2019 to each stockholder of record on June 14, 2019.

The dividend was declared even though the company reported a 19 percent first quarter drop in earnings. The revenues were $1.94 billion, down from the fourth quarter revenues of 2018.