Helmerich Payne (HP) Raises Quarterly Dividend 114.3% to $0.15; 1.1% Yield

December 4, 2012 12:10 PM EST
Helmerich Payne (NYSE: HP) declared a quarterly dividend of $0.15 per share, or $0.6 annualized. This is a 114.3% increase from the prior dividend of $0.07.

The dividend will be payable on March 1, 2013, to stockholders of record on February 15, 2013, with an ex-dividend date of February 13, 2013.

The annual yield on the dividend is 1.1 percent.

Company Chairman and CEO, Hans Helmerich commented, "We have delivered dividend increases every year for over 40 years and we are pleased to announce a significant increase for fiscal 2013. Our continuing success allows for the probability of maintaining this strong record and of increasing dividend levels in coming years as well as pursuing future growth opportunities."

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

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