July 19, 2018 - 7:15 AM EDT
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Ex-Dividend Alert: Apache Has a Dividend Yield of 2.17%; Will Trade Ex-Dividend on July 20, 2018

LONDON, UK / ACCESSWIRE / July 19, 2018 / Active-Investors has a free review on Apache Corp. (NYSE: APA) following the Company’s announcement that it will begin trading ex-dividend on July 20, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on July 19, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on APA:


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Dividend Declared

On May 25, 2018, Apache’s Board of Directors has declared the regular cash dividend on its common shares. The dividend on common shares is payable August 22, 2018, to stockholders of record on July 23, 2018, at a rate of 25 cents per share on the corporation’s common stock.

Apache’s indicated dividend represents a yield of 2.17% compared to the average dividend yield of 2.20% for the Basic Materials sector.

Dividend Insights

Apache has a dividend payout ratio of 57.5%, which indicates that the Company spends approximately $0.58 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

As per analysts’ estimates, Apache is forecasted to report earnings of 1.98 per share for the next year, which is almost double the Company’s annualized dividend payout of $1.00 per share.

As of March 31, 2018, Apache’s cash and cash equivalents totaled $1.08 billion compared to $1.67 billion as on December 31, 2017. For the three months ended March 31, 2018, the Company’s net cash provided by operating activities was $615 million compared to cash provided of $455 million for the year ago same period. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain its dividend distribution for a long period.

Recent Development for Apache

On June 26, 2018, Kinder Morgan Texas Pipeline LLC (KMTP), a subsidiary of Kinder Morgan, Inc., EagleClaw Midstream Ventures, LLC, a portfolio Company of Blackstone Energy Partners, and Apache announced that they have signed a letter of intent for the development of the proposed Permian Highway Pipeline Project (PHP Project). The project will provide an outlet for increased natural gas production from the Permian Basin to growing market areas along the Texas Gulf Coast.

The approximately $2 billion PHP Project is designed to transport up to 2.0 billion cubic feet per day (Bcf/d) of natural gas through approximately 430 miles of 42-inch pipeline from the Waha, Texas, area to the US Gulf Coast and Mexico markets. The PHP Project is expected to be in service in late 2020, subject to the execution of definitive agreements and the receipt of construction permits.

About Apache Corp.

Apache is an independent energy company, which explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs). The Company has operations in onshore assets located Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region. As of December 31, 2017, Apache had total estimated proved reserves of 1.2 billion barrel of oil equivalent, including 583 million barrels of crude oil, 204 million barrels of NGLs, and 2.3 trillion cubic feet of natural gas.

Apache Corporation was founded in 1954 and is based in Houston, Texas.

Stock Performance Snapshot

July 18, 2018 - At Wednesday’s closing bell, Apache’s stock dropped 1.77%, ending the trading session at $44.46.

Volume traded for the day: 3.59 million shares.

Stock performance in the last month – up 3.78%; previous three-month period – up 3.78%; and year-to-date – up 5.31%

After yesterday’s close, Apache’s market cap was at $17.07 billion.

Price to Earnings (P/E) ratio was at 12.63.

The stock has a dividend yield of 2.25%.

The stock is part of the Basic Materials sector, categorized under the Independent Oil & Gas industry. This sector was up 0.3% at the end of the session.


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Source: ACCESSWIRE Investor Awareness (July 19, 2018 - 7:15 AM EDT)

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