Anadarko Petroleum (APC) Cuts Quarterly Dividend 81.5% to $0.05; Yields 0.5%
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Anadarko Petroleum (NYSE: APC) declared a quarterly dividend of $0.05 per share, or $0.2 annualized. This is an 81.5% decrease from the prior dividend of $0.27.
The dividend will be payable on March 23, 2016, to stockholders of record on March 9, 2016, with an ex-dividend date of March 7, 2016.
The annual yield on the dividend is 0.5 percent.
"We believe this adjustment to our dividend is the appropriate action to take in the current environment," said Al Walker, Anadarko Chairman, President and CEO. "On an annualized basis, this action provides approximately $450 million of additional cash available to enhance our operations and financial flexibility. Our Board will continue to evaluate the appropriate dividend on a quarterly basis."
For a dividend history and other dividend-related data on Anadarko Petroleum (APC) click here.
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