Apache Corp. (APA) Raises Quarterly Dividend 17.6% to $0.20; 1% Yield

February 12, 2013 8:09 AM EST
Apache Corp. (NYSE: APA) declared a quarterly dividend of $0.20 per share, or $0.8 annualized. This is a 17.6% increase from the prior dividend of $0.17.

The dividend will be payable on May 22, 2013, to stockholders of record on April 22, 2013, with an ex-dividend date of April 18, 2013.

The annual yield on the dividend is 1 percent.

"Given the strong cash-flow generating capacity of Apache's portfolio and its solid financial position, Apache's Board of Directors decided to increase the dividend again this year. Our balanced mix of oil and gas properties and opportunities, both near- and long-term, provides confidence in Apache's future and the ability to execute our growth plans," said G. Steven Farris, Apache's chairman and chief executive officer.

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


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