Archrock, Inc. (NYSE:AROC – Get Free Report) declared a quarterly dividend on Thursday, January 29th. Stockholders of record on Tuesday, February 10th will be paid a dividend of 0.22 per share by the energy company on Wednesday, February 18th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Tuesday, February 10th. This is a 4.8% increase from Archrock’s previous quarterly dividend of $0.21.
Archrock has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Archrock has a payout ratio of 45.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Archrock to earn $1.37 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 61.3%.
Archrock Price Performance
NYSE AROC traded up $0.64 during mid-day trading on Friday, hitting $29.81. The stock had a trading volume of 92,634 shares, compared to its average volume of 1,286,495. Archrock has a 52-week low of $20.12 and a 52-week high of $30.19. The company has a market cap of $5.23 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 1.29 and a beta of 0.92. The company has a 50 day simple moving average of $25.87 and a 200 day simple moving average of $24.87. The company has a quick ratio of 1.01, a current ratio of 1.56 and a debt-to-equity ratio of 1.80.
About Archrock
Archrock, Inc is a Houston?based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short?term rentals and long?term contracts for compression solutions, serving upstream and midstream producers. Archrock’s offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.
The company’s core business activities focus on the design, manufacture, rental and sale of gas compression equipment.
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