Anadarko Petroleum Co. (NASDAQ:APC) Raises Dividend to $0.50 Per Share

Anadarko Petroleum Co. (NASDAQ:APC) announced a dividend on Friday, July 31st, NASDAQ Dividends reports. Shareholders of record on Tuesday, August 18th will be paid a dividend of 0.50 per share by the oil and gas development company on Friday, August 28th. The ex-dividend date is Tuesday, August 18th. This is a 92.3% increase from Anadarko Petroleum’s previous dividend of $0.26.

Anadarko Petroleum Trading Up 0.9%

Shares of NASDAQ:APC opened at $19.25 on Friday. Anadarko Petroleum has a 12-month low of $17.00 and a 12-month high of $21.72. The stock has a market cap of $241.97 million and a PE ratio of 27.90. The business has a 50 day moving average of $19.53 and a 200-day moving average of $24.41. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 1.09.

Anadarko Petroleum (NASDAQ:APC) last posted its earnings results on Thursday, August 6th. The oil and gas development company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.10). The firm had revenue of $1.84 billion during the quarter. Anadarko Petroleum’s revenue for the quarter was up 27.4% compared to the same quarter last year. As a group, equities research analysts forecast that Anadarko Petroleum will post 0.95 earnings per share for the current year.

Anadarko Petroleum Company Profile

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Exploration and Production, WES Midstream, and Other Midstream. The company explores for and produces oil, natural gas, and natural gas liquids (NGLs). It is also involved in gathering, processing, treating, and transporting oil, natural-gas, and NGLs production, as well as the gathering and disposal of produced water. The company's oil and natural gas properties are located in the United States onshore and deepwater Gulf of Mexico; and Algeria, Ghana, Mozambique, Colombia, Peru, and other countries.