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Analyzing Helmerich & Payne's Ex-Dividend Date

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Benzinga Insights
·2 min read
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On September 9, 2020, Helmerich & Payne (NYSE: HP) declared a dividend payable on December 1, 2020 to its shareholders. Helmerich & Payne also announced that shareholders on the company's books on or before November 13, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Helmerich & Payne has an ex-dividend date planned for November 12, 2020. The company's current dividend payout sits at $0.25. That equates to a dividend yield of 6.61% at current price levels.

What Is An Ex-Dividend Date?

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Helmerich & Payne's Dividend Performance

Over the past year, Helmerich & Payne has seen its dividend payouts and yields descend downward overall. Last year on November 7, 2019 the company's payout sat at $0.71, which has since decreased by $0.46. Helmerich & Payne's dividend yield last year was 8.0%, which has since declined by 1.39%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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