Apache Hikes Quarterly Dividend By 25%

(RTTNews) - Oil and gas company Apache Corp. (APA) announced that its board has raised the regular quarterly cash dividend on the company's common shares to $0.25 per share, an increase of 25 percent. The dividend on common shares is payable on May 22, 2014, to stockholders of record on April 22, 2014.

The latest increase follows an 18-percent increase in the quarterly dividend approved in 2013 and a 13-percent increase approved in 2012.

"The board significantly increased the dividend again this year because it has confidence in Apache's ability to execute our future growth plans," said Steven Farris, chairman of the board and chief executive officer.