Apache Corp. (APA) Raises Quarterly Dividend 13.3% to $0.17; 0.6% Yield

February 9, 2012 12:19 PM EST
Apache Corp. (NYSE: APA) declared a quarterly dividend of $0.17 per share, or $0.68 annualized. This is a 13.3% increase from the prior dividend of $0.15.

The dividend will be payable on May 22, 2012, to stockholders of record on April 23, 2012, with an ex-dividend date of April 19, 2012.

The annual yield on the dividend is 0.6 percent.

"Apache's Board of Directors decided to increase the dividend based on the company's strong future growth prospects and financial position. Apache earned more in the first three quarters of 2011 than in any other full year and is on track to extend production growth to 31 out of the past 33 years. With a balanced mix of oil and gas producing assets and a deep inventory of growth projects, we have confidence in Apache's future," said G. Steven Farris, Apache's chairman and chief executive officer. "The Board will continue to review the level of the common dividend annually in light of the company's further progress."

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

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