SmarterDividends
HP

Helmerich & Payne, Inc.

HP

Energy · Oil & Gas Drilling · Stock · quarterly payer

$37.43

Undervalued · +32% Add to Portfolio

Forward Yield

2.67%

Annual Dividend

$1.00

Payout Ratio

61%

5-Yr Growth

-12.2%

Ex-Date

Nov 18, 2026

Frequency

Quarterly

Key facts about HP's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Helmerich & Payne, Inc. (HP) has a forward dividend yield of 2.67%, based on an annual dividend of $1.00 per share and a share price of $37.43.
  • As of Oct 18, 2026, HP's dividend safety grade from SmarterDividends is C (63 out of 100), which rates the dividend as borderline.
  • HP last cut its regular dividend in 2025.
  • HP's next ex-dividend date is Nov 18, 2026, with payment on Dec 2, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 18, 2026, HP pays out 61% of its trailing 12-month earnings as dividends (its payout ratio).
  • HP's dividend has shrunk at an average rate of 12.2% a year over the past five years.
  • As of Oct 18, 2026, HP's 2.67% yield is 33% below its five-year average yield of 3.97%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for HP is $49.54 per share, 32% above the $37.43 share price, so HP screens as undervalued.
  • Helmerich & Payne, Inc. (HP) pays its dividend quarterly, 4 times a year.
  • Helmerich & Payne, Inc. (HP) has raised its regular dividend 21 times and cut it 3 times across the 156 payments on record since 1987. Its most recent change was a 40.5% cut to $0.250 per share, going ex-dividend on Nov 18, 2024.
Cite this page

SmarterDividends, "HP Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/HP

Summary

As of Oct 18, 2026, Helmerich & Payne, Inc. (HP) yields 2.67% ($1.00 a year per share) and has a dividend safety grade of C (63/100).

Is HP a good dividend stock?

Yes, with caveats

Helmerich & Payne, Inc. (HP) pays a quarterly dividend yielding 2.67% ($1.00/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • 67% total price return over 5 years

Risks

  • Cut its dividend in 2025
  • Dividend has been shrinking, not growing

Key Data

Dividend Yield
2.67%
Payout Ratio
61%
Annual Dividend
$1.00
5-Yr Avg Growth
-12.2%
Ex-Dividend Date
Nov 18, 2026
Years of Growth
0
Frequency
quarterly
Beta
0.69
Market Cap
$3.7B
P/E Ratio
—
5-Yr Total Return
67%
52-Week Range
$23.11 – $48.17
Dividend Safety
C · 63/100
Ever Cut?
Yes (2025)

HP dividend raises and cuts

Helmerich & Payne, Inc. (HP) has raised its regular dividend 21 times and cut it 3 times across the 156 payments on record since 1987. Its most recent change was a 40.5% cut to $0.250 per share, going ex-dividend on Nov 18, 2024.

Ex-dateChangeOld → newMove
Nov 18, 2024Cut$0.420 → $0.250−40.5%
Nov 17, 2023Cut$0.485 → $0.420−13.4%
Nov 14, 2022Raise$0.250 → $0.485+94.0%
Aug 14, 2020Cut$0.710 → $0.250−64.8%
Aug 16, 2018Raise$0.700 → $0.710+1.4%
Aug 11, 2016Raise$0.688 → $0.700+1.7%
Aug 13, 2014Raise$0.625 → $0.688+10.1%
Feb 12, 2014Raise$0.500 → $0.625+25.0%
Aug 13, 2013Raise$0.150 → $0.500+233.3%
Feb 13, 2013Raise$0.0700 → $0.150+114.3%
Aug 11, 2011Raise$0.0600 → $0.0700+16.7%
Aug 11, 2010Raise$0.0500 → $0.0600+20.0%
Show all 24 changes since 1988
Ex-dateChangeOld → newMove
Aug 13, 2008Raise$0.0450 → $0.0500+11.1%
Aug 11, 2006Raise$0.0415 → $0.0450+8.4%
Aug 11, 2004Raise$0.0400 → $0.0415+3.8%
Aug 13, 2002Raise$0.0375 → $0.0400+6.7%
Aug 11, 2000Raise$0.0350 → $0.0375+7.1%
Feb 11, 1998Raise$0.0325 → $0.0350+7.7%
Aug 13, 1996Raise$0.0313 → $0.0325+4.0%
Aug 9, 1994Raise$0.0300 → $0.0313+4.2%
Aug 10, 1992Raise$0.0288 → $0.0300+4.3%
Nov 8, 1990Raise$0.0275 → $0.0288+4.5%
Nov 9, 1989Raise$0.0263 → $0.0275+4.8%
Nov 1, 1988Raise$0.0250 → $0.0263+5.0%
Every HP payment →Download every raise and cut (CSV)
HP ex-dividend date & scheduleNext ex-date Nov 18, 2026 · full ex-dividend historyView →HP dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is HP a good dividend stock?

Yes, with caveats. Helmerich & Payne, Inc. (HP) pays a quarterly dividend yielding 2.67% ($1.00/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is HP undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, HP's fair value is about $49.54 versus a $37.43 share price — so it looks undervalued (+32% vs. fair value).

Is HP's dividend safe?

HP has a dividend-safety grade of C (63/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2025, debt and yield-versus-history.

What is HP's fair value?

Our blended fair-value estimate for HP is about $49.54 per share, roughly 32% above the current $37.43 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is HP a buy, hold, or sell?

We don't issue formal ratings, but on the data HP screens as "yes, with caveats" and undervalued. Helmerich & Payne, Inc. (HP) pays a quarterly dividend yielding 2.67% ($1.00/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will HP cut its dividend?

HP earns a dividend-safety grade of C (63/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does HP pay a dividend?

Yes. Helmerich & Payne, Inc. pays a quarterly dividend of about $1.00 per share annually, a forward yield of roughly 2.67%.

What is HP's dividend yield?

As of Oct 18, 2026, HP's forward dividend yield is 2.67%, based on a $1.00 annual dividend and a $37.43 share price.

What is HP's dividend per share?

As of Oct 18, 2026, HP pays $1.00 per share per year, distributed on a quarterly basis.

What is HP's dividend payout ratio?

As of Oct 18, 2026, HP's payout ratio is 61% of trailing 12-month earnings — a moderate level that's generally sustainable.

How many years has HP grown its dividend?

HP does not currently have a long dividend-growth streak on record.

When is the next HP ex-dividend date?

As of Oct 18, 2026, the next ex-dividend date on record for HP is Nov 18, 2026.

Income Calculator

At $1.00 / yr per share

Per payment (quarterly)$25.00
Annual$100.00
Monthly avg$8.33

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