Helmerich & Payne Shareholders Approve Increase in Authorized Capital



Helmerich & Payne, Inc. (NYSE: HP) announced that at a special meeting of the stockholders held today, the Company's stockholders approved an amendment to the Company's Restated Certificate of Incorporation to increase the number of authorized shares of common stock of the Company. The additional shares will accommodate the previously announced two-for-one stock split, which was approved by the Company's Board of Directors on March 1, 2006. The stock split is payable in the form of a stock dividend which will be distributed on July 7, 2006, to stockholders of record on June 26, 2006.
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