NOV's $0.09 Dividend: How to Track Yield on Cost

NOV Inc. declared a $0.09 per share quarterly dividend on August 19, a modest but reliable income event for oilfield-services shareholders. This guide shows you how to log the payment, calculate your true yield on cost, and set ex-dividend reminders so you never miss a payout across your energy holdings.

What did NOV Inc. announce with its $0.09 dividend?

NOV Inc. (NOV) declared a $0.09 per share quarterly cash dividend on August 19, continuing its regular payout to shareholders of the oilfield-equipment maker. At that rate, NOV pays $0.36 per share annually, since a quarterly dividend of $0.09 repeats four times a year.

NOV, formerly National Oilwell Varco, supplies drilling rigs, pumps, and completion equipment to energy producers worldwide. Its dividend sits at the lower end of the oilfield-services sector, which is why tracking yield on cost matters more than headline yield for long-term holders.

Here is what a dividend declaration actually involves:

• Declaration date: the day the board announces the payment (August 19 for this NOV dividend).
• Ex-dividend date: the cutoff. You must own shares before this date to receive the payout.
• Record date: the day the company checks its books for eligible shareholders, usually one business day after the ex-date.
• Payment date: when the cash actually lands in your account.

What is yield on cost and how do you calculate it?

Yield on cost is your annual dividend income divided by the price you originally paid per share, expressed as a percentage. It measures the income return on your actual investment, not on today's market price.

The formula is simple:

Yield on cost = (annual dividend per share / your average cost per share) x 100

A worked NOV example

Say you bought 200 shares of NOV at $15.00 per share. Your total cost basis is $3,000. With an annual dividend of $0.36 per share, you collect $72 per year.

• Yield on cost: $0.36 / $15.00 = 2.4%
• Current yield if NOV trades at $20.00 today: $0.36 / $20.00 = 1.8%

Notice the gap. Your yield on cost stays fixed at your entry price while the current yield drops as the share price rises. This is why long-term dividend holders track cost-based yield, it reflects what the position actually earns you.

Current yield vs yield on cost: what is the difference?

Current yield uses today's market price, while yield on cost uses your original purchase price. Both are useful, but they answer different questions for oilfield-services holders.

For a full walkthrough of projecting income, see our guide on how much dividend income your portfolio will pay this year. It covers stacking multiple positions into one annual estimate.

How do you log the NOV dividend in PortfolioTrackr?

You log a dividend in PortfolioTrackr by adding it as an income transaction against your NOV position, either manually or by importing it. Connecting a broker is optional, so you have several ways to record the $0.09 payout.

Manual and import options

• Manual entry: add a dividend transaction with the ticker NOV, the per-share amount ($0.09), your share count, and the payment date.
• Voice or text: type or say something like "NOV paid $0.09 dividend on 200 shares" and it logs the income event.
• CSV upload: import a spreadsheet of dividend history in one batch.
• Broker screenshot: snap the dividend line from your brokerage statement and let it parse the entry.
• Broker connection: link one of 35 brokers through the SnapTrade bridge, or use a direct integration with Alpaca, Bybit, or Interactive Brokers, and dividends sync automatically.

Every method works on every plan. If you want the automatic route, our walkthrough on connecting your brokerage account to a portfolio tracker covers the setup step by step.

Why a tracker beats a spreadsheet here

PortfolioTrackr calculates yield on cost automatically once your cost basis and dividend history are in place, so you never re-run the math after each payout. A manual spreadsheet requires you to update formulas every quarter and reconcile splits by hand.

If you are weighing the two approaches, our comparison of a portfolio tracker versus a spreadsheet lays out where each one wins.

How do you set ex-dividend reminders for oilfield-services stocks?

You set ex-dividend reminders in PortfolioTrackr by enabling an alert on the position tied to the ex-dividend date, so you know the ownership cutoff before it passes. Missing the ex-date means missing the payout entirely.

To collect the NOV $0.09 dividend, you must own shares before the ex-dividend date. Here is why timing matters for energy holders:

• Buy before the ex-date: you receive the current quarter's dividend.
• Buy on or after the ex-date: you wait until next quarter.
• Sell on or after the ex-date: you still keep the dividend for that quarter.

How PortfolioTrackr alerts work

PortfolioTrackr monitors prices continuously through market hours and fires an alert the moment your set level is reached. For dividend workflows, you can also flag ex-dividend dates so a reminder surfaces ahead of the cutoff.

The alerts report status against your own levels, for example whether a price target is still below target or a stop-loss level has been reached. They do not give buy or sell advice, they simply tell you when a condition you defined has been met. Our piece on how to track yields and ex-dates during a dividend surge goes deeper on reminder setups.

Is NOV's dividend worth holding for income?

NOV's dividend is modest at roughly 1.8% current yield, so it suits growth-oriented energy exposure more than a pure income strategy. Oilfield-services stocks are cyclical, and payouts can be adjusted when drilling activity slows.

Compare that to more conservative income options:

• Cash equivalents: some certificates of deposit have paid above 4% recently, well above NOV's yield.
• Established dividend payers: consumer-staples names often yield more with steadier cash flow.
• NOV's angle: the appeal is capital appreciation during energy upcycles, with the dividend as a bonus.

If you are deciding where idle cash should sit, our analysis of CDs versus dividend stocks on an after-tax basis is a useful gut check before committing to a low-yield energy name for income.

How should you track dividends across multiple positions?

Track dividends across positions by consolidating every holding into one view that sums annual income and shows blended yield on cost. Oilfield-services investors rarely hold NOV alone, they mix it with producers, midstream names, and cash.

A consolidated approach lets you:

1. See total annual dividend income across all tickers in one number.
2. Spot ex-dates across the whole portfolio on a single calendar.
3. Compare yield on cost between holdings to see which positions actually earn their keep.
4. Convert income into any of 40 supported display currencies if you hold across markets.

PortfolioTrackr covers 95 stock exchanges, so you can track NOV on the NYSE alongside international energy names in the same dashboard. For a side-by-side of the leading tools, our real-data comparison of six portfolio trackers shows how income features stack up.

The bottom line

NOV's $0.09 quarterly dividend is a small but trackable income event, and the value comes from logging it consistently and measuring yield on cost over time. A single $0.09 payout looks trivial, but 200 shares generate $72 a year, and reinvested payouts compound.

To manage it well:

• Log the dividend manually, by voice, CSV, screenshot, or broker sync.
• Calculate yield on cost against your entry price, not today's price.
• Set ex-dividend reminders so you never miss the ownership cutoff.
• Consolidate NOV with your other holdings for a full income picture.

Do this across every dividend payer and you turn scattered payouts into a clear, compounding income stream.

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