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NEW YORK ( TheStreet) -- The ex-dividend date for Helmerich & Payne (NYSE: HP) is tomorrow, May 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $47.56 as of 9:30 a.m. ET, the dividend yield is 0.6%. The average volume for Helmerich & Payne has been 1.5 million shares per day over the past 30 days. Helmerich & Payne has a market cap of $5.11 billion and is part of the basic materials sector and energy industry. Shares are down 18.4% year to date as of the close of trading on Wednesday. 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 10.3, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.