Anadarko Petroleum (APC) Cuts Quarterly Dividend 81.5% to $0.05; Yields 0.5%

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Go back to Anadarko Petroleum (APC) Cuts Quarterly Dividend 81.5% to $0.05; Yields 0.5%

Anadarko Declares Reduced Dividend

February 9, 2016 3:19 PM EST

HOUSTON, Feb. 9, 2016 /PRNewswire/ -- The Board of Directors of Anadarko Petroleum Corporation (NYSE: APC) today declared a quarterly cash dividend on the company's common stock of 5 cents per share, payable March 23, 2016, to stockholders of record at the close of business on March 9, 2016. The quarterly dividend represents a 22-cent reduction from the prior level of 27 cents per share.

"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... More