Daily Dividend Report: COKE, D, BHI, CEG, GMT Friday, October 22, 4:23 PM ET, by Market News Video Staff This afternoon, Coca-Cola Bottling (COKE) declared its quarterly dividend of 25 cents per share, maintaining ...
By Market News Video Staff, Thursday, November 18, 2:07 PM ET
National Oilwell Varco (NYSE:NOV) shares are surging today after the company announced a dividend increase. National Oilwell said its Board approved a 10% increase in its quarterly dividend to $0.11 per share. The dividend is payable on December 17 to shareholders of record as of December 3. Chairman and CEO Pete Miller said the dividend reflects National Oilwell Varco’s strong financial condition and its confidence in its business.
Shares are trading higher today, gaining more than 6% so far.
According to the ETF Finder, National Oilwell Varco is the fifth-largest holding of the Oil Services HOLDRS (AMEX:OIH) fund. Schlumberger (NYSE:SLB) is the top stock in the fund, at 19.46%, followed by Halliburton (NYSE:HAL), at 12.36%. Baker Hughes (NYSE:BHI) is the third-largest holding, at 12.16% of the portfolio, followed by Transocean (NYSE:RIG), at 11.69%.
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