Helmerich & Payne Stock To Go Ex-dividend Tomorrow (HP)

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.

TheStreet Ratings rates Helmerich & Payne as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Helmerich & Payne Ratings Report.

See our dividend calendar or top-yielding stocks list.
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