National Oilwell Varco Stock To Go Ex-dividend Tomorrow (NOV)

NEW YORK ( TheStreet) -- The ex-dividend date for National Oilwell Varco (NYSE: NOV) is tomorrow, March 14, 2012. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $80.81 as of 9:30 a.m. ET, the dividend yield is 0.6%.

The average volume for National Oilwell Varco has been four million shares per day over the past 30 days. National Oilwell Varco has a market cap of $32.2 billion and is part of the basic materials sector and energy industry. Shares are up 17.8% year to date as of the close of trading on Monday.

National Oilwell Varco, Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, as well as provides oilfield services and supplies, and supply chain integration services to the upstream oil and gas industry worldwide. The company has a P/E ratio of 17.3, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates National Oilwell Varco as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full National Oilwell Varco Ratings Report.

See our dividend calendar or top-yielding stocks list.
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