Apache Corp. (APA) Raises Quarterly Dividend 25% to $0.25; 1.3% Yield

February 6, 2014 9:02 AM EST
Apache Corp. (NYSE: APA) declared a quarterly dividend of $0.25 per share, or $1 annualized. This is a 25% increase from the prior dividend of $0.20.

The dividend will be payable on May 22, 2014, to stockholders of record on April 22, 2014, with an ex-dividend date of April 17, 2014.

The annual yield on the dividend is 1.3 percent.

"Apache's portfolio has been rebalanced to emphasize predictable and profitable growth, particularly from our oil- and liquids-rich onshore North American assets," said G. Steven Farris, chairman of the board and chief executive officer. "The board significantly increased the dividend again this year because it has confidence in Apache's ability to execute our future growth plans."

For a dividend history and other dividend-related data on Apache Corp. (APA) click here.

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