Archrock Announces Quarterly Cash Dividend

Rhea-AI Summary

On July 28, 2022, Archrock (NYSE: AROC) announced a quarterly dividend of $0.145 per share, translating to an annualized $0.58. This dividend will be distributed on August 16, 2022 to all shareholders on record as of August 9, 2022. Archrock specializes in midstream natural gas compression and is committed to environmentally responsible practices, leading the market in compression services across the U.S.

Positive

• Quarterly dividend of $0.145 per share, providing income for shareholders.
• Annualized dividend yield of $0.58 demonstrates company confidence.

Negative

• None.

HOUSTON, July 28, 2022 (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 16, 2022 to all stockholders of record on August 9, 2022.

About Archrock

Archrock is an energy infrastructure company with a primary focus on midstream natural gas compression and a commitment to helping its customers produce, compress and transport natural gas in a safe and environmentally responsible way. Headquartered in Houston, Texas, Archrock is the leading provider of natural gas compression services to customers in the energy industry throughout the U.S. and a leading supplier of aftermarket services to customers that own compression equipment. For more information on how the Company embodies its purpose, WE POWER A CLEANER AMERICA^TM, 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, 2021, 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 the dividend amount declared by Archrock for Q3 2022?

Archrock declared a dividend of $0.145 per share for Q3 2022.

When will Archrock's dividend be paid?

The dividend will be paid on August 16, 2022.

What is the record date for Archrock's dividend?

The record date for the dividend is August 9, 2022.

How often does Archrock pay dividends?

Archrock pays dividends quarterly.

Is Archrock's dividend sustainable?

The sustainability of Archrock's dividend can depend on its financial performance and market conditions.