Helmerich & payne inc responds to volatile market conditions

Helmerich & payne, inc. responds to volatile market conditions.helmerich and payne inc - withdrawing its fiscal q2 guidance.helmerich and payne inc - reassessing its cost structure based on newly developing rig activity levels.helmerich and payne inc - remains committed to paying previously announced $0.71 per share dividend on june 1, 2020.helmerich and payne inc - still have approximately $370 million in cash and short-term investments on hand as of march 20, 2020.helmerich and payne inc - moving forward to rapidly decrease costs and reduce levels of capital expenditures.helmerich and payne inc - balance sheet remains strong, with debt-to-capitalization of 11% and over $1 billion in liquidity.
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