Press release
APA Corporation Increases Cash Dividend on Common Shares
HOUSTON, Nov. 03, 2021 (GLOBE NEWSWIRE) -- The board of directors of APA Corporation (Nasdaq: APA) has declared a regular cash dividend on the company's
About this update from Apa Corporation
[{"type":"text","content":"HOUSTON, Nov. 03, 2021 (GLOBE NEWSWIRE) -- The board of directors of APA Corporation (Nasdaq: APA) has declared a regular cash dividend on the company's common shares, increasing the quarterly dividend rate to 12.5 cents per share, up from 6.25 cents per share. The dividend on APA common shares is payable Feb. 22, 2022, to stockholders of record on Jan. 21, 2022. On an annualized basis, the dividend increases to 50 cents per share, up 100% from the previous annualized level of 25 cents per share. “Our second dividend increase announced in 2021 further demonstrates our commitment to returning a higher percentage of cash flow to our shareholders,” said John J. Christmann IV, APA’s CEO and president. “We have confidence in our current portfolio and ability to generate substantial free cash flow, particularly given the ongoing constructive price environment.” About APA APA Corporation owns consolidated subsidiaries that explore for and produce oil and gas in the United States, Egypt and the United Kingdom and that explore for oil and gas offshore Suriname. APA posts announcements, operational updates, investor information and press releases on its website, www.apacorp.com. Specific information concerning Suriname, ESG performance and other investor-related topics are posted at investor.apacorp.com. Forward-Looking Statements This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “continues,” “could,” “estimates,” “expects,” “guidance,” “may,” “might,” “outlook,” “possibly,” “potential,” “projects,” “prospects,” “should,” “will,” “would,” and similar references to future periods, but the absence of these words does not mean that a statement is not forward-looking. These statements include, but are not limited to, statements about future plans, expectations, and objectives for operations, including statements about our capital plans, drilling plans, production expectations, asset sales, and monetizations. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expect...