Anadarko Petroleum Co. (APC) to Distribute Dividend of $0.50 on August 28th

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

Anadarko Petroleum Stock Performance

Shares of NASDAQ APC opened at $19.25 on Friday. The business’s 50-day simple moving average is $19.53 and its 200-day simple moving average is $24.41. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.18. Anadarko Petroleum has a 52 week low of $17.00 and a 52 week high of $21.72. The firm has a market cap of $241.97 million and a price-to-earnings ratio of 27.90.

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