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Stock impact report

Dividend Investors Need to Heed Helmerich & Payne's Warning [The Motley Fool]

Helmerich & Payne, Inc. (HP) 
Last helmerich & payne, inc. earnings: 4/30 04:43 pm Check Earnings Report
US:NYSE Investor Relations: hpinc.com
Company Research Source: The Motley Fool
Helmerich & Payne(NYSE:HPThat all came crashing to a halt on March , 00, when management announced a 6% dividend cut. Here's what went wrong at Helmerich & Payne, and what it may mean for the energy sector more broadly.A tough market under normal conditionsHelmerich & Payne is an energy services company, building and operating oil and natural gas drill rigs forenergy companiesupstream companieshighly cyclical industryImage source: Getty ImagesThis is one of the key reasons why Helmerich & Payne's dividend history was so impressive. Increasing dividends annually for 7 years in an industry prone to big ups and downs is no small feat. Its ability to achieve that record is partially thanks to its conservative and proactive culture. For example, Helmerich & Payne's financial debt to equity ratio is a very modest 0.0 times. That's well below the levels of its closest peers, and provides ample room on thebalance sheetIt also has demonstrated a long-standing commitment to maintaining a fleet Show less Read more
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