Helmerich & Payne (HP) will raise its quarterly dividend by 1.8 percent to $0.70 per share in 2016. This marks the 45th consecutive year of dividend increases by the company.

Helmerich & Payne, Inc. is primarily a contract drilling company. The company provides performance-driven drilling services and technologies for oil and gas exploration and production companies. The company's business is composed of four reportable business segments - three contract drilling business segments: U.S. Land, Offshore and International Land and one drilling technology-based business segment: Helmerich & Payne Technologies. U.S. Land operations are located in Colorado, Louisiana, Ohio, Oklahoma, Montana, New Mexico, North Dakota, Pennsylvania, Texas, Utah, West Virginia and Wyoming. Offshore operations are conducted in U.S. federal waters in the Gulf of Mexico and International Land operations has rigs located in Argentina, Bahrain, Colombia and United Arab Emirates. HP also owns, develops and operates limited commercial real estate properties. Real estate investments, which are located exclusively within Tulsa, Oklahoma, include a shopping center, multi‑tenant industrial warehouse properties and approximately 210 acres of undeveloped real estate. Helmerich & Payne, Inc. was incorporated under the laws of the State of Delaware on February 3, 1940 and is successor to a business originally organized in 1920.