Helmerich & Payne, Inc. (HP) to Distribute Quarterly Dividend of $0.25 on September 1st

Helmerich & Payne, Inc. (NYSE:HP) announced a quarterly dividend on Wednesday, June 3rd. Shareholders of record on Tuesday, August 18th will be paid a dividend of 0.25 per share by the oil and gas company on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, August 18th.

Helmerich & Payne has decreased its dividend payment by an average of 0.2%annually over the last three years. Helmerich & Payne has a payout ratio of 69.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Helmerich & Payne to earn $1.55 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 64.5%.

Helmerich & Payne Stock Up 2.5%

HP opened at $44.17 on Friday. The company has a market capitalization of $4.41 billion, a P/E ratio of -31.32 and a beta of 0.61. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.96 and a quick ratio of 1.55. The firm’s fifty day moving average price is $35.36 and its two-hundred day moving average price is $35.98. Helmerich & Payne has a fifty-two week low of $17.30 and a fifty-two week high of $44.65.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). Helmerich & Payne had a negative return on equity of 2.35% and a negative net margin of 3.43%.The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $987.70 million. During the same period in the previous year, the business posted $0.22 earnings per share. Helmerich & Payne’s revenue was down .6% on a year-over-year basis. On average, analysts anticipate that Helmerich & Payne will post -0.12 EPS for the current year.

Helmerich & Payne Company Profile

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.