AROC - Archrock Increases Quarterly Cash Dividend | Benzinga
HOUSTON, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock") today announced that its Board of Directors has declared an increased quarterly dividend of $0.165 per share of common stock, or $0.66 per share on an annualized basis. The fourth quarter 2023 dividend will be paid on February 13, 2024 to all stockholders of record on February 6, 2024.
The fourth quarter 2023 dividend per share amount represents an increase of 6.5 percent over the Archrock third quarter 2023 dividend level and an increase of 10 percent over the Archrock fourth quarter 2022 dividend level.
"Our robust results continue to demonstrate the power of our transformed platform and strong operational execution. The decision to increase our dividend reflects our confidence in the outlook for compression as well as Archrock's industry-leading financial flexibility and capital allocation capabilities," said Brad Childers, Archrock's President and ...