Helmerich & Payne, Inc. (NYSE:HP) Declares $0.25 Quarterly Dividend

Helmerich & Payne, Inc. (NYSE:HPGet Free Report) declared a quarterly dividend on Wednesday, June 3rd. Investors of record on Tuesday, August 18th will be given a dividend of 0.25 per share by the oil and gas company on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, August 18th.

Helmerich & Payne has decreased its dividend by an average of 0.2%annually over the last three years. Helmerich & Payne has a dividend payout ratio of 69.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Helmerich & Payne to earn $1.51 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 66.2%.

Helmerich & Payne Trading Down 2.2%

HP stock opened at $38.49 on Thursday. The company has a market capitalization of $3.85 billion, a PE ratio of -10.15 and a beta of 0.59. Helmerich & Payne has a 12 month low of $15.08 and a 12 month high of $41.82. The firm’s 50-day moving average is $37.56 and its 200 day moving average is $33.78. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 1.32.

Helmerich & Payne (NYSE:HPGet Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The oil and gas company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.32). The company had revenue of $932.36 million during the quarter, compared to analysts’ expectations of $945.60 million. Helmerich & Payne had a negative return on equity of 1.16% and a negative net margin of 9.38%.The company’s quarterly revenue was down 8.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.01 EPS. On average, research analysts anticipate that Helmerich & Payne will post 0.02 EPS for the current year.

Helmerich & Payne Company Profile

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Helmerich & Payne, Inc is a leading provider of contract drilling services to the oil and gas industry, specializing primarily in onshore drilling operations. The company designs, engineers and operates a fleet of advanced drilling rigs, including its proprietary FlexRigs, which are engineered for high efficiency, safety and rapid mobilization. Alongside core drilling services, Helmerich & Payne offers well intervention, workover and coiled tubing services, positioning itself as a comprehensive drilling solutions partner for exploration and production companies worldwide.

Founded in 1920 and headquartered in Tulsa, Oklahoma, Helmerich & Payne has grown through innovation and strategic expansion to serve diverse hydrocarbon basins.

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Dividend History for Helmerich & Payne (NYSE:HP)

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