Archrock Raises Quarterly Dividend for Second Time This Year

Dow Jones

2024/10/25

By Stephen Nakrosis

Archrock raised its dividend for the second time this year, increasing the payout to 17.5 cents per share from 16.5 cents.

The company last raised its dividend in January, from 15.5 cents.

The new dividend, 70 cents per share on an annual basis, represents a dividend yield of 3.4%, based on the company's closing share price of $20.11 on Thursday.

The dividend will be payable on Nov. 13 to shareholders of record on Nov. 6, the company said.

Brad Childers, president and chief executive of energy infrastructure company, said the new dividend reflects confidence in enduring demand growth for its natural-gas and transformed platform. He added the recent acquisition of TOPS was immediately accretive to cash available for dividend.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

October 24, 2024 18:56 ET (22:56 GMT)

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He added the recent acquisition of TOPS was immediately accretive to cash available for dividend. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 24, 2024 18:56 ET (22:56 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AROC","symbol_name":"Archrock, Inc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2478618390","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2478618390","pubTimestamp":1729810560,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Archrock raised its dividend for the second time this year, increasing the payout to 17.5 cents per share from 16.5 cents.The company last raised its dividend in January, from 15.5 cents.The new dividend, 70 cents per share on an annual basis, represents a dividend yield of 3.4%, based on the company's closing share price of $20.11 on Thursday.The dividend will be payable on Nov. 13 to shareholders of record on Nov. 6, the company said.Brad Childers, president and chief executive of energy infrastructure company, said the new dividend reflects confidence in enduring demand growth for its natural-gas and transformed platform. 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He added the recent acquisition of TOPS was immediately accretive to cash available for dividend. \n\n\n \n\n\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 24, 2024 18:56 ET (22:56 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}