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

Helmerich & Payne, Inc. (NYSE:HP) declared a quarterly dividend on Wednesday, March 4th. Investors of record on Monday, May 18th will be given a dividend of 0.25 per share by the oil and gas company on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, May 18th.

Helmerich & Payne has decreased its dividend by an average of 0.2%per year over the last three years. Helmerich & Payne has a dividend payout ratio of 69.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Helmerich & Payne to earn $1.20 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 83.3%.

Helmerich & Payne Trading Up 0.2%

HP stock opened at $39.48 on Friday. The firm has a fifty day moving average price of $36.42 and a 200 day moving average price of $32.54. Helmerich & Payne has a fifty-two week low of $14.65 and a fifty-two week high of $41.68. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.32 and a current ratio of 1.71. The firm has a market cap of $3.95 billion, a PE ratio of -10.42 and a beta of 0.62.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data 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 firm had revenue of $932.36 million for 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 firm’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.01 earnings per share. Sell-side analysts anticipate that Helmerich & Payne will post 0.11 earnings per share for the current fiscal year.

About Helmerich & Payne

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.