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 » Disclosure: No positions mentioned. Please review the disclaimer page for more details.