NOV said on its Q4 earnings conference call that it is committed to returning excess capital to shareholders, wh ether it’s through increasing the dividend or a share repurchase program. At the same time, NOV sees the anticipated near-term uses of cash to fund "meaningful growth" in its businesses, along with an M&A environment "that is looking a bit more constructive," means it is not ready to increase return of capital to shareholders at this time.
Published first on TheFly
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