Archrock Announces Quarterly Cash Dividend

Rhea-AI Summary

Archrock has declared a quarterly dividend of $0.145 per share, equating to $0.58 annually. This dividend, payable on August 16, 2021, will be distributed to stockholders of record as of August 9, 2021. Archrock specializes in midstream natural gas compression services and is a leading provider in the U.S. oil and gas sector. The company emphasizes that forward-looking statements regarding dividends are subject to risks and uncertainties, and actual results may vary. For further details, visit Archrock's website.

Positive

• Quarterly dividend of $0.145 per share, signaling strong cash flow.
• Annualized dividend yield of $0.58 enhances shareholder value.

Negative

• None.

HOUSTON, July 28, 2021 (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, 2021 to all stockholders of record on August 9, 2021.

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. 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, 2020, 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?

Archrock declared a quarterly dividend of $0.145 per share.

When will Archrock pay its next dividend?

The next dividend will be paid on August 16, 2021.

What is the record date for Archrock's dividend?

The record date for the dividend is August 9, 2021.

How often does Archrock pay dividends?

Archrock pays dividends quarterly.

What is the annual dividend amount for Archrock?

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