Helmerich Payne (HP) Raises Qtr. Divdend Up to $0.50; Yields 3.2%

June 5, 2013 12:18 PM EDT
Helmerich Payne (NYSE: HP) declared a quarterly dividend of $0.50 per share, or $2 annualized. This is a 233.3% increase from the prior dividend of $0.15.

The dividend will be payable on August 30, 2013, to stockholders of record on August 15, 2013, with an ex-dividend date of August 13, 2013.

The annual yield on the dividend is 3.2 percent.

Company Chairman and CEO, Hans Helmerich commented, "We are pleased to be in position to deliver a meaningful level of yield to our shareholders while retaining a strong ability to continue to pursue growth opportunities."

For a dividend history and other dividend-related data on Helmerich Payne (HP) click here.

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