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

Key Points

• Helmerich & Payne, Inc. declared a quarterly dividend of $0.25 per share, with shareholders of record to be paid on December 2nd, indicating a 5.0% yield.
• The company has a dividend payout ratio of 69.4%, suggesting the dividend is well-covered by earnings, with anticipated future earnings at $3.13 per share.
• Recent analyst ratings have been mixed, with price targets ranging from $17.00 to $24.00, impacting the stock's average rating which is currently "Reduce".

Helmerich & Payne, Inc. (NYSE:HP - Get Free Report) declared a quarterly dividend on Tuesday, September 9th, RTT News reports. Investors of record on Tuesday, November 18th will be given a dividend of 0.25 per share by the oil and gas company on Tuesday, December 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Tuesday, November 18th.

Helmerich & Payne has a payout ratio of 69.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Helmerich & Payne to earn $3.13 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 31.9%.

Helmerich & Payne Trading Up 0.2%

HP traded up $0.04 during trading on Monday, hitting $21.12. The company's stock had a trading volume of 627,683 shares, compared to its average volume of 1,978,303. Helmerich & Payne has a twelve month low of $14.65 and a twelve month high of $37.46. The company has a quick ratio of 1.43, a current ratio of 1.84 and a debt-to-equity ratio of 0.76. The stock's fifty day moving average price is $17.85 and its 200-day moving average price is $19.22. The firm has a market capitalization of $2.10 billion, a P/E ratio of -64.00 and a beta of 0.95.

Helmerich & Payne (NYSE:HP - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. Helmerich & Payne had a positive return on equity of 5.81% and a negative net margin of 0.90%.The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1 billion. During the same period in the previous year, the firm earned $0.92 earnings per share. The company's revenue was up 49.2% compared to the same quarter last year. Analysts anticipate that Helmerich & Payne will post 2.93 EPS for the current year.

About Helmerich & Payne

Founded in 1920, Helmerich & Payne, Inc (H&P) NYSE: HP is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders.