Archrock, Inc. announced on January 30, 2025, that its Board of Directors has declared an increased quarterly dividend of $0.19 per share of common stock. This new dividend represents an annualized payout of $0.76 per share.
The dividend per share amount signifies a 9% increase over the third quarter 2024 dividend level and a 15% increase compared to the fourth quarter 2023 dividend level. This marks the fifth quarterly dividend increase since January 2023.
The fourth quarter 2024 dividend is scheduled for payment on February 19, 2025, to all stockholders of record as of February 12, 2025. Management highlighted high utilization and a transformed platform as key drivers for these strong and consistent results.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.