Archrock Announces Quarterly Cash Dividend

Rhea-AI Summary

Archrock, Inc. (NYSE: AROC) has declared a quarterly dividend of $0.145 per share, translating to $0.58 annually. This dividend will be paid on May 17, 2021 to stockholders on record by May 10, 2021. As a leader in midstream natural gas compression services, Archrock supports customers in the oil and gas industry across the U.S. The company emphasizes its commitment to returning value to shareholders while navigating the energy infrastructure landscape.

Positive

• Quarterly dividend of $0.145 per share affirming shareholder returns.
• Annualized dividend yield of $0.58 demonstrating financial stability.

Negative

• Forward-looking statements indicate potential risks and uncertainties regarding future dividends.

HOUSTON, April 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 May 17, 2021 to all stockholders of record on May 10, 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 for May 2021?

Archrock declared a quarterly dividend of $0.145 per share for May 2021.

When will Archrock's dividend be paid?

The dividend will be paid on May 17, 2021.

What is the record date for Archrock's dividend payment?

The record date for the dividend payment is May 10, 2021.

How does Archrock's dividend yield compare annually?

The annualized dividend yield is $0.58 per share.

What risks are associated with Archrock's dividends?

Archrock's forward-looking statements highlight potential risks and uncertainties affecting future dividends.