Helmerich & Payne 's ( HP - Free Report ) board recently announced a quarterly cash supplemental dividend of 23.5 cents per share, payable on Dec 1, 2022, to stockholders of record at the close of the business on Nov 15, 2022. Per HP, this supplemental dividend for fiscal 2023, anticipated to be roughly $100 million in aggregate, is meant to boost shareholder returns. The supplemental dividend declared by HP will be paid in four equal installments during the fiscal year 2023. Moreover, these surplus cash returns represent about 50% of the firm's projected cash flow generation in fiscal 2023 after capital expenditures and base annual dividends. HP may utilize the remaining cash flow projected to be generated in fiscal year 2023 to fund additional supplemental dividends or buy back stock. The 2023 supplemental shareholder return plan is based on the current forecasts for the year, and the plan will be adjusted in subsequent fiscal years.