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On Monday, shares of Helmerich & Payne, Inc. (Symbol: HP) were trading at approximately $19.59, yielding over 5% based on its quarterly dividend of $1. Helmerich & Payne is a member of the Russell 3000, indicating its status among the largest companies in the U.S. stock market.
The importance of dividends is reflected in historical data, where dividends have contributed significantly to total stock market returns. For instance, an investment in the iShares Russell 3000 ETF (IWV) made on May 31, 2000, showed a minimal price decrease of 0.6% over twelve years, but collected dividends of $10.77 per share, leading to a total return of 13.15%.
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