NEW YORK (

TheStreet

) -- The ex-dividend date for

Helmerich & Payne

(NYSE:

HP

) is tomorrow, November 10, 2011. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $53.29 as of 9:50 a.m. ET, the dividend yield is 0.5%.

The average volume for Helmerich & Payne has been two million shares per day over the past 30 days. Helmerich & Payne has a market cap of $5.8 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 13% year to date as of the close of trading on Tuesday.

Helmerich & Payne, Inc. engages in the contract drilling of oil and gas wells. It provides drilling rigs, equipments, personnel, and camps on a contract basis to explore for and develop oil and gas from onshore areas and fixed platforms, tension-leg platforms, and spars in offshore areas. The company has a P/E ratio of 15.1, above the average energy industry P/E ratio of 14.9 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Helmerich & Payne as a

buy

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

Helmerich & Payne Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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