Archrock (AROC) Raises Quarterly Dividend 10% to $0.132; 4.1% Yield

Archrock (NYSE: AROC) declared a quarterly dividend of $0.132 per share, or $0.528 annualized. This is a 10% increase from the prior dividend of $0.12.

The dividend will be payable on August 14, 2018, to stockholders of record on August 7, 2018, with an ex-dividend date of August 6, 2018.

The annual yield on the dividend is 4.1 percent.

“We are pleased to resume dividend growth, and doing so a quarter ahead of the guidance we gave when we announced the merger of Archrock and Archrock Partners,” said Brad Childers, Archrock’s President and Chief Executive Officer. “Today’s announcement reflects an attractive rate of dividend growth and demonstrates our ongoing commitment to capital return. We remain focused on profitably growing our business and look forward to delivering additional value to our shareholders over the near and long term.”

For a dividend history and other dividend-related data on Archrock (AROC) click here.

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