Archrock Announces Quarterly Cash Dividend

Rhea-AI Summary

Archrock, Inc. (NYSE: AROC) announced a quarterly dividend of $0.145 per share, equating to $0.58 annually, to be paid on August 14, 2020, to stockholders on record by August 10, 2020. This dividend remains unchanged from both the first quarter of 2020 and the second quarter of 2019. As a leading provider of natural gas compression services in the U.S., Archrock focuses on midstream energy infrastructure, supporting the oil and natural gas industry.

Positive

• Quarterly dividend remains stable at $0.145 per share, providing consistency for shareholders.
• Archrock maintains a strong position as a leading provider in the natural gas compression market, supporting investor confidence.

Negative

• None.

HOUSTON, July 29, 2020 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (“Archrock”) today announced that its Board of Directors has declared a quarterly dividend of $0.145 per share of common stock, or $0.58 per share on an annualized basis. The dividend will be paid on August 14, 2020 to all stockholders of record on August 10, 2020.

The second quarter 2020 dividend to be paid in August 2020 is unchanged from the first quarter 2020 and the second quarter 2019 amount.

About Archrock

Archrock is an energy infrastructure company with a pure-play focus on midstream natural gas compression.  Archrock is the leading provider of natural gas compression services to customers in the oil and natural gas industry throughout the U.S. and a leading supplier of aftermarket services to customers that own compression equipment in the U.S. Archrock is headquartered in Houston, Texas, with approximately 1,700 employees. For more information, please visit www.archrock.com. 

Forward-Looking Statements

This press release contains forward-looking statements, which includes statements about Archrock’s dividends. These statements are not guarantees of future performance or actions. Forward-looking statements rely on a number of assumptions concerning future events and are subject to risks and uncertainties. If one or more of these risks or uncertainties materialize, actual results may differ materially from those contemplated by a forward-looking statement. Forward-looking statements speak only as of the date on which they are made. Archrock expressly disclaims any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. A further list and description of risks, uncertainties and other matters can be found in Archrock’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, and as set forth from time to time in Archrock’s filings with the Securities and Exchange Commission.  These filings are available online at www.sec.gov and www.archrock.com.

For information, contact:

Megan Repine
Vice President, Investor Relations
(281) 836-8360
investor.relations@archrock.com 

FAQ

What is Archrock's quarterly dividend amount for Q2 2020?

Archrock declared a quarterly dividend of $0.145 per share for Q2 2020.

When will the dividend be paid to shareholders?

The dividend will be paid on August 14, 2020, to stockholders of record on August 10, 2020.

How does Archrock's Q2 2020 dividend compare to previous quarters?

The Q2 2020 dividend of $0.145 per share is unchanged from Q1 2020 and Q2 2019.

What is the annualized dividend amount for Archrock?

The annualized dividend amount for Archrock is $0.58 per share.