Archrock (AROC) Raises Quarterly Dividend 9.8% to $0.145; 5.5% Yield

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Go back to Archrock (AROC) Raises Quarterly Dividend 9.8% to $0.145; 5.5% Yield

Archrock Increases Quarterly Cash Dividend

July 24, 2019 6:30 PM EDT

HOUSTON, July 24, 2019 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (Archrock) today announced that its Board of Directors has declared a quarterly dividend of $0.145 per share of common stock, or $0.58 per share on an annualized basis. The second quarter 2019 dividend represents an increase of 10 percent over the first quarter 2019 dividend of $0.132 per share. The dividend will be paid on August 14, 2019 to all stockholders of record on August 7, 2019.

The increase in our quarterly dividend is consistent with our stated financial strategy of delivering between 10% and 15% annual... More