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

Anadarko Petroleum Co. (NASDAQ:APC) declared a dividend on Friday, July 31st, NASDAQ Dividends reports. Shareholders 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 is Tuesday, August 18th. This is a 92.3% increase from Anadarko Petroleum’s previous dividend of $0.26.

Anadarko Petroleum Stock Up 0.9%

Shares of NASDAQ:APC opened at $19.25 on Friday. 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 has a 52-week low of $17.00 and a 52-week high of $21.72. The company has a 50 day moving average of $19.53 and a two-hundred day moving average of $24.41. The company has a market capitalization of $241.97 million and a price-to-earnings ratio of 27.90.

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

About Anadarko Petroleum

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.