APA Corporation (APA) Raises Quarterly Dividend 100% to $0.25; Announce 40M Share Buyback Plan

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Go back to APA Corporation (APA) Raises Quarterly Dividend 100% to $0.25; Announce 40M Share Buyback Plan

APA Corporation Announces Dividend Increase, Declares Cash Dividend on Common Shares and Increases Share Repurchase Authorization

September 14, 2022 5:21 PM EDT

HOUSTON, Sept. 14, 2022 (GLOBE NEWSWIRE) -- The board of directors of APA Corporation (Nasdaq: APA) has announced an increase in the companys dividend on common shares from an annualized rate of 50 cents per share to $1.00 per share.

The next quarterly dividend on common shares is payable Nov. 22, 2022, to stockholders of record on Oct. 21, 2022, at a rate of 25 cents per share on the companys common stock, up from 12.5 cents per share.

Over the last year, weve significantly strengthened our balance sheet and committed to returning a minimum of 60% of free... More