National Oilwell Varco this week announced plans to pay investors a quarterly dividend of $0.26 per share.
This is the same amount the oil and gas drilling equipment provider paid last quarter, after it doubled its quarterly payout from $0.13. The latest dividend will be payable Sept. 27 to shareholders of record as of Sept. 13.
Annualized, National Oilwell Varco's dividend pays out $1.04 per share of common stock. As of the market's close on Aug. 14, the company was trading at $73.40 per share, which means the company's dividend yields 1.4%.
The article National Oilwell Varco Keeps Steady Dividend originally appeared on Fool.com.
Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool recommends National Oilwell Varco. The Motley Fool owns shares of National Oilwell Varco. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.