Apache Co. (NYSE:APA) announced a quarterly dividend on Tuesday, February 13th, Wall Street Journal reports. Investors of record on Monday, April 23rd will be given a dividend of 0.25 per share by the energy company on Tuesday, May 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Friday, April 20th.
Apache has increased its dividend by an average of 1.7% per year over the last three years. Apache has a dividend payout ratio of 1,666.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Apache to earn $1.34 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 74.6%.
Apache (APA) traded down $0.41 during trading hours on Tuesday, reaching $37.70. 4,333,747 shares of the company were exchanged, compared to its average volume of 4,440,088. Apache has a 52 week low of $35.70 and a 52 week high of $56.67. The stock has a market capitalization of $14,360.00, a price-to-earnings ratio of 21.79, a PEG ratio of 3.97 and a beta of 1.05. The company has a current ratio of 1.53, a quick ratio of 1.37 and a debt-to-equity ratio of 0.95.
In other news, insider P Anthony Lannie sold 19,514 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $44.04, for a total transaction of $859,396.56. Following the transaction, the insider now owns 37,469 shares in the company, valued at $1,650,134.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John E. Lowe acquired 3,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were bought at an average price of $40.02 per share, for a total transaction of $120,060.00. Following the acquisition, the director now owns 15,000 shares of the company’s stock, valued at $600,300. The disclosure for this purchase can be found here. Corporate insiders own 0.48% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Apache Co. Announces Quarterly Dividend of $0.25 (APA)” was originally published by American Banking News and is the property of of American Banking News. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://www.americanbankingnews.com/2018/02/13/apache-co-announces-quarterly-dividend-of-0-25-apa.html.
Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. The Company’s production segments include: the United States, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.
Receive News & Ratings for Apache Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apache and related companies with MarketBeat.com's FREE daily email newsletter.