The Joplin Globe, Joplin, MO

Business

December 4, 2012

Helmrich & Payne increases dividend payment

TULSA, Okla. — Helmerich & Payne Inc. is more than doubling its quarterly dividend, the contract drilling company announced Monday.

The company declared a 15 cent-per-share dividend, which is up from its most recent dividend of 7 cents per share. The new dividend is payable on March 1 to shareholders of record as of Feb. 15.

Helmerich has delivered dividend increases annually for more than 40 years.

Shares of the Tulsa, Okla.-based company jumped $1.47, about 2.8 percent, to $54.12 in afternoon trading. Its shares have traded in a 52-week range of $38.71 to $68.60.

 

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