Anadarko Announces 50-Percent Dividend Increase
The Board of Directors of Anadarko Petroleum Corporation (NYSE: APC) today declared a quarterly cash dividend on the company’s common stock of 27 cents per share, a 50-percent increase from 18 cents per share in the previous quarter. The dividend is payable June 25, 2014 to stockholders of record at the close of business on June 11, 2014.
“Today’s announcement marks the second significant increase in our common dividend in less than a year, as we continue to focus on enhancing value for our shareholders,” Anadarko Executive Vice President, Finance and CFO, Bob Gwin said.
The level of future dividends for Anadarko common stock will be determined by the Board of Directors on a quarterly basis depending upon the company’s earnings, financial condition, capital requirements and other factors.