Friday, June 7, 2013

Suddenly This Becomes a Dividend Play


Prior to June 5, Helmerich & Payne (NYSE: HP) was seen as a solidly run contract drilling firm with a small dividend. The company made a surprising announcement that it would dramatically increase the yield making the stock interesting for the yield now. Or maybe it wasn’t that surprising considering the expected influx of cash and a strong balance sheet.

The company operates primarily as a contract drilling firm with more »


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