National Oilwell Varco hikes dividend to 13 cents
National Oilwell Varco increases quarterly dividend by a penny to 13 cents, payable Dec. 21
HOUSTON (AP) -- National Oilwell Varco Inc., which makes products for oil and gas drilling, said Thursday that it is increasing its quarterly dividend by a penny.
The dividend of 13 cents per share is payable on Dec. 21 to shareholders of record as of Dec. 7.
Pete Miller, chairman, president and CEO of the Houston-based company, said the dividend increase reflects the company's strong financial condition and its confidence in its business going forward.
National Oilwell Varco shares increased 66 cents to $70.21 in afternoon trading.
