APA Corporation (APA) to Issue Quarterly Dividend of $0.25 on May 22nd

APA Corporation (NASDAQ:APA) announced a quarterly dividend on Thursday, February 5th. Stockholders of record on Wednesday, April 22nd will be paid a dividend of 0.25 per share on Friday, May 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Wednesday, April 22nd.

APA has increased its dividend by an average of 0.2%annually over the last three years. APA has a payout ratio of 34.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect APA to earn $3.63 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 27.5%.

APA Price Performance

Shares of APA stock opened at $35.74 on Monday. The firm has a fifty day simple moving average of $34.86 and a 200-day simple moving average of $28.23. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.61. APA has a 1-year low of $15.15 and a 1-year high of $45.66. The stock has a market capitalization of $12.63 billion, a price-to-earnings ratio of 8.96 and a beta of 0.49.

APA (NASDAQ:APA) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.29. APA had a net margin of 15.55% and a return on equity of 19.89%. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the previous year, the company earned $0.79 earnings per share. APA’s revenue for the quarter was down 26.6% on a year-over-year basis. On average, sell-side analysts expect that APA will post 4.03 earnings per share for the current year.

About APA

APA Corporation (NASDAQ: APA) is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources. The company operates through three core regions: the United States, Egypt and the North Sea. Through its integrated approach, APA combines geological and geophysical expertise with technical innovation to identify and develop hydrocarbons in both onshore and offshore settings.

In the United States, APA’s largest position is in the Permian Basin of West Texas and southeastern New Mexico, where it holds substantial acreage dedicated to oil-focused drilling and production.