National Oilwell Varco (NAV) will raise its quarterly dividend by 76.9 percent in 2013, following a dividend hike of 100.0 percent by the oil equipment and services company two years ago.
National Oilwell Varco, Inc. is an independent provider of equipment and technology to the upstream oil and gas industry. The company serves major-diversified, national, and independent service companies; contractors; and oil and gas operators around the world. The company operates under three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. National Oilwell Varco has been paying a quarterly dividend every year since 2009.